— Ruth Umoh, Forbes This past year ushered in a series of changes in corporate America, most notably for diversity heads. What started as innocuously as any other year soon spiraled into a global pandemic, a shift to remote work and sweeping civil unrest. The summer’s widespread protests forced corporations and small businesses alike […]
View MoreCategory: African American Economics
Ending Poverty in the United States Would Actually Be Pretty Easy | Jacobin Magazine
AN INTERVIEW WITH JOANNE GOLDBLUMCOLLEEN SHADDOX In the wealthiest country in the world, there’s no reason anyone should be poor. Period. — Fran Quigley, Jacobin Magazine When we speak to our sisters and brothers living in poverty in the United States, the confessional trope that describes so many dysfunctional relationships should be our opening […]
View More
Why Florida’s New $15 Minimum Wage Is a Big Deal | Inc.
The new policy, approved by Florida voters on Tuesday, could signal a momentum shift in favor of a nationwide minimum-wage hike. — CAMERON ALBERT-DEITCH, INC. On Election Day, Floridians voted to increase their state’s minimum wage to $15 per hour by 2026–yet businesses everywhere could feel the pain. Florida’s Amendment 2, which passed with a “Yes” vote of […]
View More
PRESS ROOM: The Board Challenge Launches Pledge for U.S. Boards of Directors to Add a Black Director Within One Year | Black Press USA
— Black Press USA Cross-sector of more than 40 public and private companies and organizations commit to improve Black representation in corporate boardrooms NEW YORK — The Board Challenge today announced the launch of a pledge for U.S. corporate boards of directors to add a Black director within the next year. Founded by Altimeter Capital, Valence and theBoardlist, signed […]
View More
Amazon announces Career Day 2020 with 33,000 open roles to fill | Day One (Amazon)
Nationwide event on September 16 open to all job seekers—with team of 1,000 Amazon recruiters offering 20,000 free career coaching sessions in a single day. — Day One Staff, Day One (Amazon) We have seen a very positive response to Amazon Career Day 2020, and the 20,000 free career coaching sessions and 6,200 interactive workshops […]
View More
The State of Black Women in Corporate America | Inc.
A new report outlines strategies that employers can implement to advance Black women in corporate America for Black Women’s Equal Pay Day. By Carol Sankar, Founder, The Confidence Factor, Inc. Lean In and McKinsey released their “State of Black Women in Corporate America” report today. Based on research on the experiences of Black women in the […]
View More
Billionaire Bill Ackman Hires Minority-Owned Investment Banks To Co-Lead $4 Billion Deal | Forbes
By Antoine Gara, Forbes At theForbes Philanthropy Summiton Thursday afternoon, billionaire private equity investor Robert F. Smith laid out his plan to close the racial wealth gap in America. Among his compelling ideas was a recommendation that America’s largest corporations and Wall Street firms take deliberate actions to support Black-owned businesses and banks. Capitalizing these firms, Smith noted, could create […]
View More
White Factory Workers Strike to Protest Black Workers’ Promotions in Detroit | EJI, A History of Racial Justice
On June 3, 1943, almost all of the 25,000 white workers at the Detroit Packard Motor Company went on strike and ceased all production to protest the recent promotion of three black workers. In the early 1940s, many people migrated to the urban North from rural areas in the Deep South, searching for manufacturing jobs […]
View More
Will The $2,000 Monthly Stimulus Check Proposal Save Our Economy? | Forbes
Over 80 million taxpayers have already received stimulus checks, however, it could be months before all stimulus checks have been issued. In the meantime, millions of Americans are out of work and there is no definitive timeline for businesses to reopen and the economy to get back on track. As the COVID-19 pandemic pushes our economy […]
View More
BE Exclusive: Chase Consumer Banking CEO Thasunda Brown Duckett Offers Strategies For Building and Preserving Black Wealth | Black Enterprise
Thasunda Brown Duckett is on a mission. In addition to overseeing the retail banking arm of JPMorgan Chase & Co.—a 5,000-plus branch network with more than $800 billion in deposits and investments—the driven CEO of Chase Consumer Banking seeks to address persistent racial and economic barriers to black wealth creation. As the sponsoring executive of […]
View More