Corporate America's Progress in Hiring People of Color After BLM Protests
Originally Published 2 years ago — by Washington Free Beacon
An analysis by Bloomberg News reveals that only 6 percent of new S&P 100 jobs went to white applicants in the year following George Floyd's death, raising concerns about the extent of race discrimination in corporate America. The data, based on information reported to the Equal Employment Opportunity Commission, shows that 94 percent of the total increase in jobs went to "people of color," despite these groups making up just 40 percent of the U.S population. The findings suggest that race-conscious decision-making has permeated routine employment decisions, potentially leading to legal challenges. Companies' efforts to incentivize diversity through financial means, such as tying executive compensation to racial targets, may also carry legal risks.