In a recent viral TikTok video, user Monte Washington challenged the narrow stereotype of “Black jobs” by showcasing the diverse and successful careers of Black professionals. This video emerged as a response to controversial comments made by former President Trump during a presidential debate, where he claimed immigrants were taking jobs from Black and Hispanic people. “They’re taking Black jobs now, and it could be 18, it could be 19 and even 20 million people,” Trump said during his debate. This statement, perceived by many as racially charged, spurred a
The latest U.S. jobs report found that while overall job creation has begun to slow, the unemployment rates for Black workers have shown notable improvement, according to Fast Company. An Overall Decrease In Jobs Employers added 175,000 jobs in April, a deceleration from previous months. Yet, this slowdown comes after an unprecedented streak of low unemployment rates, remaining under 4% for 27 consecutive months—the longest stretch in over half a century. The overall unemployment rate experienced a slight increase to 3.9%, yet this minor increase doesn’t signal a weakening labor market.
Black women in teams with a more significant number of white peers may have worse job outcomes, a new study has found. Elizabeth Linos, the Emma Bloomberg Associate Professor for Public Policy and Management, along with colleagues Sanaz Mobasseri from Boston University and Nina Roussille from MIT, conducted the study. Underrepresentation of People of Color In Leadership According to the study, the underrepresentation of people of color in high-wage jobs, especially leadership positions, still needs to be solved. To better understand and reduce racial inequalities, researchers have often focused on
A survey conducted by Charter Works found that 53% of Black respondents are afraid of being replaced by AI in comparison to 39% of white respondents. The survey detailed the many possible futures for the technology, including how it can augment workers, displace workers, change the vast majority of jobs, and perpetuate biases. It can also have positives, such as identifying and removing biases, decreasing economic inequality, and being a coach for employees. Currently, one-third of organizations are applying AI across several business units, and 83% of companies consider using
Post-pandemic economic recovery among racial groups is the “most equitable in recent history,” a new Treasury Department report has found. While Black and Hispanic Americans typically bear the brunt of recessions, economic gaps between racial groups have narrowed in the last three years. Post-Pandemic Unemployment Rates The Treasury Department report states that prospects for the American economy looked grim at the beginning of 2021 following the pandemic and numerous lockdowns. Professional forecasters expected the unemployment rate to remain well above 5% for the following year, with Black and Hispanic Americans
Return to office (RTO) rewards could cause further exclusion for marginalized and underrepresented groups, a new KPMG survey has found. Return to office rewards KPMG’s 2023 CEO Outlook report included more than 1,300 global CEOs sharing their views on geopolitics, RTO, and AI. The report found that the majority of CEOs (64%) are anticipating a full RTO in three years, with 9 in 10 (87%) saying they are likely to reward employees who make an effort to come into the office. The rewards would include favorable assignments, raises, or promotions.
Earlier this month, a leaked Google spreadsheet revealed that Black employees earn less than white colleagues, leaving questions about why this is happening and how things can change. We spoke to Black former Google employees about their experiences of negotiating their employment contracts at the tech giant and their insights. What did the spreadsheet reveal? The leaked Google spreadsheet, encompassing data from over 12,000 US employees in 2022, revealed that Black employees had an average salary of $ 147,000. By contrast, white employees earned $170,000 on average. White employees also
Workers of color face several barriers to expanding or developing new career skills, a survey conducted by Reputation Leaders, a global thought leadership consultancy sponsored by DeVry University, has revealed. Closing the Activation Gap Report The Closing the Activation Gap report defines upskilling as expanding or developing new skills to perform better in a current job or improve career prospects. To support professional development, meet business needs, and drive economic growth and national competitiveness, it is vital to develop and advance workers’ skills continuously, the report read. The report revealed,
A report by ResumeBuilder.com found that over 40% of Black workers would take a pay cut for a shortened workweek. There were 976 business leaders surveyed to determine their current attitude toward a 4-day workweek policy. 4 in 10 companies plan to shorten the workweek. The survey of business leaders revealed 3 in 10 companies have plans to utilize a four-day workweek by the end of this year. Over 40% said they plan to implement a 4-day workweek by 2024, while 8% said they would shorten it by 2025 or later. Nearly
According to a survey by ResumeBuilder.com, 72% of Black Americans feel that going back to the office has improved their productivity. Nevertheless, the majority (65%) said they prefer to work from the office less frequently. The Return to Office Some companies and businesses in the US are allowing their employees to continue working from home following the Covid-19 pandemic. However, there has been an increase in companies requiring workers to return to the office. In June, ResumeBuilder.com surveyed 1,500 full-time, corporate workers and found that 85% of workers go to the
