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Getbig Main Boards => Politics and Political Issues Board => Topic started by: loco on February 13, 2017, 01:03:28 PM
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For all its so-called innovation and egalitarianism, Silicon Valley may remain just as problematic as the rest of America when it comes to the pay gap between African-American and white workers.
According to a study by Hired, a San Francisco-based tech worker recruiting firm, the average African-American candidate is 49% more likely to get hired than the average white candidate in the tech industry’s two largest markets, San Francisco and New York.
But when it comes to actual salaries, African-American tech workers — software engineers, in particular — woefully fall behind. According to the report, that’s because they ask for and receive significantly lower salaries: $113,000 and $115,000, respectively, versus their white counterparts who ask for and receive salaries $10,000 more on average.
Hired based its findings on salary data it gathered from over 280,000 interview requests and jobs offers over the last 12 months from over 45,000 job seekers. Those findings may seem counterintuitive given African-Americans as of last spring made up just a small fraction of the predominantly white and Asian male workforces found at many large technology companies. The workforces at many large tech companies on average were 71% men, 29% women, 60% white, 23% Asian and just 7% black, “PBS Newshour” reported in March 2016, citing analysis at the leading tech firms that report such numbers.
The pay gap between African-Americans and their white counterparts is even worse if you look at the broader landscape in the US. According to a report released in September from the Economic Policy Institute, black men earned 22% less and black women made 34.2% less on average than their white counterparts across the US as of 2015 — regardless of profession, despite living in the same geographic areas and having comparable education experience.
What’s less clear, however, is why exactly African-American workers in tech receive more offers than their white counterparts.
“It’s unclear if African-American candidates are receiving more offers because of their diversity initiatives, a lower preferred salary, or a combination of those and other factors,” Hired’s report adds.
Tech companies more recently have begun implementing new measures to improve the diversity of their workforces by gender and ethnicity. Salesforce (CRM), for example, announced its first-ever chief equality officer this past September to focus on initiatives that bring greater diversity to the business software company.
Others like Twitter (TWTR), Pinterest, Airbnb and Slack are trying to promote a more diverse workplace by eliminating bias from the hiring and promotion process. All four of those companies, for example, employ the firm Paradigm to suss out and correct barriers and unconscious biases that could be affecting their diversity efforts. Those include anonymizing resumes so employers can’t tell a candidate’s gender or ethnicity, or modifying a salary negotiation process that places women and minorities at a disadvantage.
That last step, in particular, could be one way to ensure parity between the salaries of African-American and white workers.
http://finance.yahoo.com/news/african-americans-are-more-likely-to-get-hired-but-get-paid-less-in-silicon-valley-130730991.html
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I can tell you that the company I work for, as well as ALL the other companies I've worked for in the financial services industry, most of the African Americans seem to be confined to the back-office/operations jobs as well as the mail room or filling janitorial/security roles.
This is all thanks to the baby boomer generation and their fucking racist tendencies. They have a real knack of not being able to find non-whites for managerial positions. And I've worked with some brilliant Black folks that, in my opinion, deserved to get promoted. In my 21 years in or around Wall Street, the only Black VP I've seen was some poor schmuck that lucked out because his boss was a chain smoking chubby White woman who had the hots for him, and he banged the shit out of her.
I used to visit clients in the hedge fund riviera in CT and was once invited to a golf outing and was asked, in very polite terms mind you, not to bring any "types that do not fit in" while the person pointed to his black shirt.
We live in a racist country run by racist baby boomers.
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a study by a government controlled school lol?
laughable
women and minorities are paid 200-1000% more than they should be
show your ability and you will make money
expect tohave same as xyz when you dont understand how much more productive xyz is than you is mental illness
inequality is good
cronyism is a feature of statism
gr8 dep and 08 caused by government