Tag

Corporate Practices

All articles tagged with #corporate practices

business1 year ago

"Uncovering Bias: The Impact of 80,000 Fictitious Résumés on U.S. Job Applications"

Economists conducted an experiment by sending out 80,000 fake résumés to 100 major U.S. companies, revealing that some firms discriminated against Black applicants more than others. On average, employers contacted presumed white applicants 9.5% more often than presumed Black applicants, with some companies showing significant disparities. AutoNation and Genuine Parts Company were found to favor white applicants over Black applicants by 43% and 33% more callbacks, respectively. The study highlights the varying levels of racial bias in hiring practices across different companies and industries.

politicseconomy1 year ago

"Biden Administration Launches Strike Force to Cap Credit Card Late Fees and Crack Down on Unfair Pricing"

President Biden has announced the formation of a "strike force" to combat "unfair and illegal" prices, targeting businesses that are not passing on cost savings to consumers. The administration aims to crack down on corporate practices that raise costs for consumers and has taken a tough stance on industry monopolies and mergers. Additionally, the Consumer Financial Protection Bureau is finalizing a rule to reduce credit card late fees, potentially saving millions of people money. The "strike force" will be led by the FTC and justice department to encourage collaboration among federal agencies in addressing businesses breaking the law and keeping prices high.