Woke comes to Wall Street

Discussion in 'Wall St. News' started by zdreg, Jun 24, 2024.

  1. I was referring to the many decades preceding DEI, where the white guy pretty much always has the edge, all else being equal and sometimes not even close.

    I’m not commenting on the legitimacy of the current initiative, which is the subject of another debate. But it only follows that an action, especially if unfair and prolonged, eventually leads to a reaction. And here we are.
     
    #21     Jun 25, 2024
  2. newwurldmn

    newwurldmn

    Every bank that failed was run by a straight white guy.

    Virtually all the major tech companies that are driving the innovation and the stock market returns are run by minorities or by a gay guy.

    that’s scale.


     
    #22     Jun 25, 2024
  3. d08

    d08

    I've encountered skin color working against me more than for me. What is my privilege?
     
    #23     Jun 26, 2024
    murray t turtle likes this.
  4. d08

    d08

    Depending on who you ask, Jews are white or not. Some don't want to be classified as white.
    Also, where do you get this information about minorities running all the innovative companies?
    When I search for these "innovative" companies, I get large corporations with most often white male CEOs.
    If you look at cutting edge open source technology, it's mostly white males and east asian males. This is where everyone can contribute freely. Yet, nearly all these minorities somehow just...don't.
     
    #24     Jun 26, 2024
    murray t turtle likes this.
  5. newwurldmn

    newwurldmn

    I doubt that. You are just expecting a certain treatment and when you don’t get it you think your skin color is working against you. The other guy never gets that certain treatment in the first place.

    there are tons of studies that show this. From getting bank loans, purchasing a home, acceptance for jobs, etc. (normalizing for qualifications)
     
    #25     Jun 26, 2024
    Frederick Foresight likes this.
  6. newwurldmn

    newwurldmn

    apple
    Nvda
    Amd
    Google
    Microsoft
    And countless other tech companies

    East Asians are minorities too. They have done better than their black counterparts because the black experience is different.
     
    #26     Jun 26, 2024
  7. SunTrader

    SunTrader

    The U.S. is basically the same (last sentence). Sure many deserved to be incarcerated but the ratio is way out whack that either non-blacks are getting away with a lot of chit or a lot of blacks are getting charged and convicted simply because of the skin complexion.

    (SEMAFOR)

    Brazil’s Supreme Court decriminalized possession of marijuana for personal use, a move that could reduce the country’s massive prison population.
    The decision — which comes years after several Latin American nations decriminalized the drug — was welcomed by progressive lawmakers in Brazil, who say such laws further increased inequalities in the country. The majority of pre-trial detainees are first-time offenders “who carried small amounts of illicit substance with them,” the head of a security think tank in Brazil told the Associated Press.


    Despite making up just 10% of the total population, Black Brazilians make up almost two-thirds of the country’s overcrowded prison population.
     
    #27     Jun 26, 2024
  8. 2rosy

    2rosy

    any studies of default rate by ethnicity and race?
     
    #28     Jun 26, 2024
    d08 likes this.
  9. newwurldmn

    newwurldmn

    credit would likely be a better explanatory variable, no?
     
    #29     Jun 26, 2024
  10. VicBee

    VicBee

    They can't be offended, they come from the same middle class hoods, went to the same colleges Pops and Mom went to and even got a connection to a good start up job in a major corporation.
    The real challenge started when they had to really work hard in a competitive environment at the job. 20 years of that makes them feel like they deserve all they got because, damn the job's been hard so why should all these woke people take away what I worked so hard for.... Yawn.
     
    #30     Jun 27, 2024
    Frederick Foresight likes this.