President <a href="https://www.dailywire.com/topic/joe-biden" target="_blank" rel="noopener">Joe Biden&#8217;s</a> economy took a gut punch on Wednesday when a hotter-than-expected inflation report dropped, revealing a 3.5% increase over the last 12 months — the highest year-over-year increase since last September.
According to the latest <a href="https://www.cnn.com/2024/04/10/markets/markets-fall-cpi-inflation-report/index.html" target="_blank" rel="noopener">Consumer Price Index data</a> — which was released by the Bureau of Labor Statistics — key drivers of the higher rates include car insurance, groceries, electricity, and gas. New parents and pet owners are feeling the pinch as well, with baby food now up over 30% since 2021 and pet food up 23.7%.
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🚨SINCE BIDEN TOOK OFFICE: 
Gasoline: 47.8% Groceries: +21.1% Eating out: +21.4% Baby food: +30.5% Pet food: +23.7% Rent: +20.9% Electricity: +28.3% Natural gas: +26.9% Used cars: +20.9% Air fare: +32.7% Public transportation: +22.2% Real average weekly earnings: -3.9%
&mdash; Jacki Kotkiewicz (@jackikotkiewicz) <a href="https://twitter.com/jackikotkiewicz/status/1778041940069564578?ref_src=twsrc%5Etfw">April 10, 2024</a></blockquote>
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The higher-than-expected inflation numbers come just a day after Treasury Secretary Janet Yellen insisted that overall household finances were &#8220;<a href="https://www.dailywire.com/news/sec-yellen-econ-splains-to-average-americans-your-finances-are-fine-everything-is-fine" target="_blank" rel="noopener">quite strong</a>&#8221; — and may put a sizable kink in any plans to begin bringing interest rates back down.
Critics of the Biden economy weighed in on the news, noting that the inflation crisis was certainly not, as promised, transitory.
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&#8220;Remember when the admin said inflation was transitory? Overall prices are still up 19.4% since Biden entered office. Oklahomans are paying nearly double at the grocery store. Rent, transportation, and energy costs are still way too high. Americans can&#8217;t afford the Biden economy,&#8221; Senator Markwayne Mullin (R-OK) said.
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Remember when the admin said inflation was transitory? Overall prices are still up 19.4% since Biden entered office. Oklahomans are paying nearly double at the grocery store. Rent, transportation, and energy costs are still way too high. Americans can&#39;t afford the Biden economy.
&mdash; Markwayne Mullin (@SenMullin) <a href="https://twitter.com/SenMullin/status/1778076375573827658?ref_src=twsrc%5Etfw">April 10, 2024</a></blockquote>
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Rep. Wesley Hunt (R-TX) added, &#8220;Prices RISE by 3.5% in March over last year. But don’t believe your lying eyes. Biden told us it would be temporary, it would be transitory, and that costs were under control. It’s NEVER been more expensive to live in this economy.&#8221;
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Prices RISE by 3.5% in March over last year. 
But don’t believe your lying eyes. 
Biden told us it would be temporary, it would be transitory, and that costs were under control.
It’s NEVER been more expensive to live in this economy. <a href="https://t.co/7FLDyXg6Ah">pic.twitter.com/7FLDyXg6Ah</a>
&mdash; Wesley Hunt (@WesleyHuntTX) <a href="https://twitter.com/WesleyHuntTX/status/1778104658420019601?ref_src=twsrc%5Etfw">April 10, 2024</a></blockquote>
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Economist Stephen Moore shared side-by-side comparisons in three key areas that explained why Americans are not as enthusiastic about the economy as they were before Biden took office.
<ul>
<li>Inflation: Jan &#8217;21, 1.4%; March &#8217;24, 3.5%</li>
<li>30-year fixed mortgage rate: Jan &#8217;21, 2.65%; March &#8217;24, 6.82%</li>
<li>Average gas price: Jan &#8217;21, $2.39; March &#8217;24, $3.39</li>
</ul>
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Bidenomics:  
𝐈𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 Jan &#39;21: 1.4%  March &#39;24: 3.5%
𝟑𝟎-𝐘𝐞𝐚𝐫 𝐅𝐢𝐱𝐞𝐝 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐑𝐚𝐭𝐞 Jan &#39;21: 2.65%  March &#39;24: 6.82%  
𝐀𝐯𝐞𝐫𝐚𝐠𝐞 𝐆𝐚𝐬 𝐏𝐫𝐢𝐜𝐞 Jan &#39;21: $2.39  March &#39;24: $3.39
&mdash; Stephen Moore (@StephenMoore) <a href="https://twitter.com/StephenMoore/status/1778090695284154794?ref_src=twsrc%5Etfw">April 10, 2024</a></blockquote>
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The Republican National Committee (@RNCResearch) also posted a comparison chart showing the inflation rates of specific items under President Biden and under former President Donald Trump.
&#8220;You&#8217;ll never convince Americans that Biden&#8217;s economy is better than President Trump&#8217;s economy — because it isn&#8217;t,&#8221; the caption read. &#8220;SEE FOR YOURSELF.&#8221;
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You&#39;ll never convince Americans that Biden&#39;s economy is better than President Trump&#39;s economy — because it isn&#39;t.
SEE FOR YOURSELF: <a href="https://t.co/Vww0dhubnV">pic.twitter.com/Vww0dhubnV</a>
&mdash; RNC Research (@RNCResearch) <a href="https://twitter.com/RNCResearch/status/1778130220265918897?ref_src=twsrc%5Etfw">April 10, 2024</a></blockquote>
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Fox Business host Dagen McDowell added a twist as well, noting that President Biden&#8217;s continued insistence on unilaterally canceling student loans — in defiance of the Supreme Court — would only make things worse for families already feeling the pinch from inflation.
&#8220;Food, energy, car insurance (+22% y/y)! This is an unavoidable hardship and anxiety for working Americans,&#8221; McDowell said. &#8220;So Joe Biden again screws them + the nearly 90% of Americans with NO STUDENT LOAN DEBT and then hands them the bill for bailing out college graduates who didn’t feel like paying off their own debts.&#8221;
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INFLATION WORSENING. 3-month annualized CPI ⬆️4.6% core ⬆️4.5% Food, energy, car insurance (+22% y/y)! This is an unavoidable hardship and anxiety for working Americans. So Joe Biden again screws them+the nearly 90% of Americans with NO STUDENT LOAN DEBT and then hands them the…
&mdash; Dagen McDowell (@dagenmcdowell) <a href="https://twitter.com/dagenmcdowell/status/1778100562199789948?ref_src=twsrc%5Etfw">April 10, 2024</a></blockquote>
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Even Ron Klain, Biden&#8217;s own former White House Chief of Staff, <a href="https://www.politico.com/news/2024/04/09/ron-klain-joe-biden-infrastructure-00151438?nname=playbook&amp;nid=0000014f-1646-d88f-a1cf-5f46b7bd0000&amp;nrid=00000159-ec5d-da62-a5d9-ec5fbcf90000&amp;nlid=630318" target="_blank" rel="noopener">told Politico</a> that Biden was making a strategic mistake when it came to the obvious problem of inflation and his reelection campaign.
&#8220;I think the president is out there too much talking about bridges. He does two or three events a week where he’s cutting a ribbon on a bridge. And here’s a bridge. Like I tell you, if you go into the grocery store, you go to the grocery store and, you know, eggs and milk are expensive, the fact that there’s a f***ing bridge is not &#8230; Like it’s a bridge, and how interesting is the bridge? It’s a little interesting but it’s not a lot interesting.&#8221;

President Biden Hosts Ireland’s Prime Minister Leo Varadkar

Biden’s Claims Of Economic Victory Slapped Back By Worse-Than-Expected Inflation Report

Biden's Claims Of Economic Victory Slapped Back By Worse-Than-Expected Inflation Report

Donald Trump

Economy

Inflation

Jobs

Joe Biden

Politics

New York Governor <a href="https://www.dailywire.com/topic/kathy-hochul" target="_blank" rel="noopener">Kathy Hochul</a> has approved a controversial proposal that will make it easier for illegal immigrants to hold jobs in the state government.
The new proposal would require illegals to obtain legal work authorization from the federal government, however, other requirements would be eased for thousands of government jobs. The New York Department of Civil Service, for example, would relax English language proficiency requirements, as well as education verification and certification.
The positions would start off as temporary, but the proposal suggests the goal is that these become permanent jobs. Agencies can appoint migrants to a permanent role if their work is satisfactory and other requirements are met. 
New York is the first state in the nation to make it easier for migrants to get these government jobs. Critics say the proposal will only incentivize more migrants to come to New York state, worsening the crisis. It will also likely feed into New Yorker’s concerns about migrants being prioritized over legal residents. Notably, since 2022, 170,000 migrants have arrived in New York City, causing backlash in the liberal area.
The proposal says the initiative is a “win-win” for the state, as it helps solve the &#8220;migrant crisis, and rebuild the state workforce.” 
The proposal comes months after Hochul announced a partnership with employers in the state to get migrants to work. At the time, she <a href="https://www.governor.ny.gov/news/governor-hochul-announces-18000-jobs-available-asylum-seekers-and-migrants-part-statewide">said</a> there were 18,000 jobs open for asylum seekers and migrants as part of her statewide “solution” to get them out of shelters. 
“Now we have all these people who want to be here; I have all these jobs that are open,&#8221; the governor <a href="https://www.youtube.com/watch?v=sgLLoUwB8pg">said</a> at a press conference. &#8220;You marry the two together, and you’ve solved the problems.”
 There are an estimated 436,000 unemployed New Yorkers currently, <a href="https://www.bls.gov/web/laus/laumstrk.htm">hovering</a> at around 4.5% unemployment, which is <a href="https://www.bls.gov/web/laus/laumstrk.htm">one of the highest</a> rates in the nation. New York also has the <a href="https://www.security.org/resources/homeless-statistics/#:~:text=Population%20Centers%20for%20Homelessness&amp;text=Amazingly%2C%20nearly%20one%2Dquarter%20of,more%20than%2010%2C000%20unhoused%20residents.">highest rate of homelessness</a> in the country. Moreover, recent <a href="https://www.nytimes.com/2023/10/07/nyregion/nyc-migrant-crisis.html">polling</a> shows that a majority of New Yorkers view the influx of migrants as a “serious problem” and want to slow or stop the flow altogether.
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In addition to this proposal, a migrant initiative at the behest of New York City Mayor Eric Adams is attracting critics. The city’s new pilot program, called the “<a href="https://www.dailywire.com/news/nyc-to-start-53m-program-that-will-hand-out-prepaid-credit-cards-to-illegal-immigrants">Immediate Response Card</a>” program, will hand out prepaid credit cards to illegals, costing taxpayers $53 million dollars. 
Illegal immigrant families will be instructed to only use the cards at grocery stores, convenience stores, and supermarkets, and they’ll have to sign an affidavit promising to spend the funds only on food and baby supplies. Every 28 days, their cards will be refilled, and depending on the size of the family, they could receive up to $1,000 a month.

Kathy Hochul

NY Gov Hochul Relaxes Requirements For Illegals To Get Government Jobs

NY Gov Kathy Hochul Prioritizes Illegals For Government Jobs, Relaxing Requirements

Illegal Immigration

New York

U.S.

On Friday, the White House announced they would implement a temporary pause on pending decisions on exports of Liquefied Natural Gas (LNG) to non-FTA countries until the Department of Energy could update the underlying analyses for authorizations.
Projects involving billions of dollars will be disrupted; critics contend that President Biden’s actions will hurt Europe’s capacity to power its economy without relying on Russian gas.
“The pause could have implications for more than a dozen proposals now awaiting review at the Energy Department, including ventures planned in Louisiana by Commonwealth LNG and Energy Transfer LP,” Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-01-26/biden-freezes-approvals-to-export-gas-imperiling-major-projects?embedded-checkout=true" target="_blank" rel="noopener">reported</a>.
The White House used the opportunity in its <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2024/01/26/fact-sheet-biden-harris-administration-announces-temporary-pause-on-pending-approvals-of-liquefied-natural-gas-exports/" target="_blank" rel="noopener">announcement</a> to attack Republicans, declaring. “As Republicans in Congress continue to deny the very existence of climate change while attempting to strip their constituents of the economic, environmental and health benefits of the President’s historic climate investments, the Biden-Harris Administration will continue to lead the way in ambitious climate action while ensuring the American economy remains the envy of the world.”
Opponents of Biden’s action have pointed out that the current hostilities in the Middle East could threaten traffic through the Strait of Hormuz, where roughly one-quarter of the global natural gas supplies flow. They argue that killing projects that export LNG could have a deleterious effect.
“The administration’s decision to freeze review of new LNG terminals is deeply disturbing and raises significant risks around the globe,” Marty Durbin, president of the US Chamber of Commerce’s Global Energy Institute, said. “It betrays our allies at a time of geopolitical instability and could slow the energy transition.”
“I think they&#8217;re really making a miscalculation here. This isn&#8217;t just bad policy, it&#8217;s bad politics,” Neil Chatterjee, the former chairman of the Federal Energy Regulatory Commission, <a href="https://www.foxnews.com/politics/white-house-halts-enormous-natural-gas-projects-victory-environmentalists" target="_blank" rel="noopener">stated</a>. “We made a commitment to our European allies, to Germany, that we would be there and help them. You really should not be playing politics with energy security.”
“What&#8217;s really frustrating from the environmental perspective is that U.S. LNG actually displaces more intense fossil sources of fuel overseas,” he continued. “We have a much cleaner process than the Russians do. So, not only are we providing geopolitical assets to our allies, but U.S. LNG displacing dirtier sources of fuels actually lowers global carbon emissions. And the activists seem to be just kind of brushing over that.”
In late January, a number of oil and gas advocates wrote a <a href="https://www.api.org/~/media/files/news/2024/01/24/industry-groups-lng-letter-january-24" target="_blank" rel="noopener">letter</a> to Energy Secretary Jennifer Granholm in which they argued against the proposed change in the permitting process for U.S. LNG exports. They wrote:
<blockquote>
While our European allies have made significant strides in reducing their reliance on Russian natural gas thanks to American energy producers, Europe faces a considerable supply gap over the long-term that should be met by American energy, not hostile nations. Moving forward with a pause on U.S. LNG export approvals would only bolster Russian influence and undercut President Biden’s own commitment to supply our allies with reliable energy, undermining American credibility and threatening American jobs. An analysis of the President’s pledge to Europe found that the benefits to the United States could include $63 billion in capital expenditures, a GDP boost of $46 billion, and 71,500 jobs supported annually from 2025-2030.
</blockquote>

A $290 Billion Investment Cements Natural Gas’s Relevance for Decades

Biden Freezes Projects Exporting Natural Gas, 70,000 Prospective Jobs Could Vanish

Europe

Natural gas

Ex-<a href="https://www.dailywire.com/topic/cnn" target="_blank" rel="noopener">CNN</a> reporter Chris Cillizza got some backlash — and a Community Note — for his claim that President Joe Biden had never suggested workers in one profession could simply change jobs by learning to code.
The conversation began with news of recent layoffs at a number of media outlets — including The Los Angeles Times — and a response posted via X by DeSantis&#8217; Press Secretary Jeremy Redfern. &#8220;The LA Times is not having a good day, and I&#8217;m at peace with that.&#8221;
In context, Redfern has been on the receiving end of a number of <a href="https://twitter.com/JeremyRedfernFL/status/1749976228138741796" target="_blank" rel="noopener">media inquiries</a> from the L.A. Times and other outlets, many of which had intentionally framed their pieces to attack his boss. But Cillizza did not see things that way.
&#8220;Will never get people who celebrate when other humans — with families, mortgages, medical bills etc — lose their jobs.&#8221;
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Will never get people who celebrate when other humans &#8212; with families, mortgages, medical bills etc &#8212; lose their jobs <a href="https://t.co/uAsqPbnUEx">https://t.co/uAsqPbnUEx</a>
&mdash; Chris Cillizza (@ChrisCillizza) <a href="https://twitter.com/ChrisCillizza/status/1749975296701288605?ref_src=twsrc%5Etfw">January 24, 2024</a></blockquote>
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&#8220;Journalists did this with the coal miners so cry harder,&#8221; one person replied, prompting Cillizza to respond: &#8220;They didn&#8217;t though. At all. Biden said it (and he didn&#8217;t even say &#8216;learn to code.&#8217; Like, facts matter.&#8221;
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They didn&#39;t though. At all. Biden said it (and he didn&#39;t even say &quot;learn to code.&quot;
Like, facts matter. <a href="https://t.co/nXtTKXBZ1Y">https://t.co/nXtTKXBZ1Y</a>
&mdash; Chris Cillizza (@ChrisCillizza) <a href="https://twitter.com/ChrisCillizza/status/1749985383121605036?ref_src=twsrc%5Etfw">January 24, 2024</a></blockquote>
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&#8220;Kind of like journalists cheering people getting laid off over COVID shots. Zero sympathy here,&#8221; another replied to Cillizza. &#8220;The journalists now need to hustle and get real jobs. Hey, maybe learn to code. Enjoy.&#8221;
&#8220;It just didn&#8217;t happen. And, again, no journalist said &#8216;learn to code.&#8217; And neither did Biden,&#8221; Cillizza responded.
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It just didn&#39;t happen.
And, again, no journalist said &quot;learn to code.&quot; And neither did Biden. <a href="https://t.co/Tkd6lpvEnt">https://t.co/Tkd6lpvEnt</a>
&mdash; Chris Cillizza (@ChrisCillizza) <a href="https://twitter.com/ChrisCillizza/status/1749986608470769980?ref_src=twsrc%5Etfw">January 24, 2024</a></blockquote>
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A Community Note soon followed, linking to a 2019 article published by The Hill. &#8220;Then candidate Joe Biden, during a campaign rally in Derry, NH in 2019 stated, &#8216;Anybody who can go down 3,000 feet in a mine can sure as hell learn to program as well,&#8217; in a policy proposal to move away from fossil fuels,&#8221; the Note read.
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GOP Rapid Response director Jake Schneider shared video of Biden saying that coal miners could learn to program.
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“Anybody who can throw coal into a furnace can learn how to program for God’s sake!”<a href="https://t.co/kTYS5Wm4S3">pic.twitter.com/kTYS5Wm4S3</a>
&mdash; Jake Schneider (@jacobkschneider) <a href="https://twitter.com/jacobkschneider/status/1750011797984174258?ref_src=twsrc%5Etfw">January 24, 2024</a></blockquote>
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CNN Experience

CNN Ex-Pat Chris Cillizza Takes A Virtual Beating Over Claim Biden Never Told Coal Miners To ‘Learn To Code’

CNN Ex-Pat Chris Cillizza Takes A Virtual Beating Over Claim Biden Never Told Coal Miners To 'Learn To Code'

Chris Cillizza

Media

U.S. companies <a href="https://www.dailywire.com/topic/economy" target="_blank" rel="noopener">slowed hiring</a> last month far more than economists predicted, according to data released in the ADP National Employment Report on Wednesday.
Economists surveyed by Refinitiv predicted that September hiring would slow, but still total about 153,000. The estimate was off by more than 60,000 as the real number came in at 89,000, according to the employment report. September’s numbers are a drop from 180,000 new hires made the month before in August, according to <a href="https://www.foxbusiness.com/economy/private-sector-job-growth-cools-sharply-september-slowest-pace-2021-adp" target="_blank" rel="noopener">Fox Business</a>.
September hires mark the weakest month for hiring since January 2021. The slow performance comes as interest rates remain elevated as the Federal Reserve works to curb inflation.
“We are seeing a steepening decline in jobs this month,” said ADP chief economist Nela Richardson, according to Fox Business “Additionally, we are seeing a steady decline in wages in the past 12 months.”
While the slow hiring month may be a welcome signal to the Federal Reserve, the slowing economy is unlikely to aid the White House’s attempts to sell its economic agenda to voters as President Joe Biden heads toward a reelection battle in 2024. The White House has attempted to revive Biden’s poor standing with voters on the economy by pitching “Bidenomics,” a tagline for Biden’s economic agenda. The president continues to be deep underwater with voters on the issue, however.
Two recent polls have showed the Democratic Party lagging far behind the Republican Party on who is trusted more by voters to handle economic issues. In each poll, the Republican Party enjoyed its largest lead on the issue in decades.
The results, from a Gallup poll taken from September 1-23, <a href="https://www.dailywire.com/news/republicans-lead-democrats-on-americans-most-important-issue-poll" target="_blank" rel="noopener">showed</a> Republicans with a 53% to 39% edge over Democrats on the issue, as well as a 44% to 36% edge on the issue that each voter considers their “most important.” The GOP lead on the economy was the largest since 1991.
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A poll from NBC News released last week <a href="https://www.dailywire.com/news/americans-favor-gop-to-democrats-on-economy-by-widest-margin-ever-in-poll" target="_blank" rel="noopener">showed</a> a similar dynamic. The Republican Party is trusted more by voters than Democrats to handle the economy by a 49% to 28% margin. Again, the poll showed the largest edge the GOP has had on the issue since 1991.
The president’s flagging performance on the economy has motivated some of his allies to <a href="https://www.dailywire.com/news/top-biden-allies-want-president-to-ditch-flagging-bidenomics-message" target="_blank" rel="noopener">push</a> him to drop the “Bidenomics” message, arguing that attaching Biden’s name to an unpopular issue is not aiding Biden’s stock among voters.
“At this point, Bidenomics doesn’t really have strong answers to people’s biggest worries,” said Progressive Policy Institute President Will Marshall. “There ought to be a lot of thinking in the White House now about changes in the way they present their case for the economic good that this administration has done.”

Bidenomics? Private Sector Job Growth Shrinks To Three-Year Low

Biden Administration

Democratic Party

It&#8217;s an astonishing statistic that took the internet by storm: 94% of jobs created in 2021 went to racial minorities. It&#8217;s also completely untrue.
The conclusion from Bloomberg — which credits five reporters and four editors for <a href="https://www.bloomberg.com/graphics/2023-black-lives-matter-equal-opportunity-corporate-diversity/?srnd=premium" target="_blank" rel="noopener">its report</a> — is that on the heels of the Black Lives Matter protests, corporations followed through on their promise to diversify their ranks. The outlet reported that companies in the S&amp;P 100 added 323,094 new employees in 2021, and that only 20,524 of those new jobs were filled by whites.
If true, such a statistic could launch a legion of victorious racial discrimination lawsuits — blacks, Asians, and Hispanics make up roughly 40% of the population, and there is no way they could obtain 94% of new jobs without some level of discrimination.
But the takeaway from Bloomberg is an example of innumeracy by journalists at an outlet once relied upon by businessmen for savvy financial analysis — or of willfully setting aside common sense in favor of what the publication acknowledged is an ideologically-driven &#8220;project to <a href="https://www.bloomberg.com/news/newsletters/2023-09-26/how-nike-cvs-amazon-drove-diversity-change-post-george-floyd-protests?srnd=premium&amp;leadSource=uverify%20wall" target="_blank" rel="noopener">hold companies accountable</a> to [diversity] pledges.&#8221;
A Daily Wire analysis of the same numbers examined by Bloomberg found that, in reality, the demographics of hiring figures for 2021 were barely different from previous years. The percentage of new jobs that went to whites was likely about 46%, eight points below the 54% white makeup of companies&#8217; existing workforces. That&#8217;s to be expected given demographic changes in the United States since the time that the currently-retiring baby boomer generation first entered the workforce.
Though Bloomberg spun the tale as a victory for Black Lives Matter, blacks benefited the least of any racial group from the slight decline in whites, according to the analysis. The percentage of black hires was up from the status quo by 1%, while Asians were up by 2%, and Hispanics were up by 4%. That&#8217;s also explained by demographics — decades ago, when baby boomers entered the workforce, the U.S. was mostly white and black; in the decades since, the numbers of Hispanics and Asians in the United States have increased.
Here&#8217;s how Bloomberg got the story wrong, and how numbers actually work.
Bloomberg based its analysis on a form companies file to the Equal Employment Opportunity Commission listing the racial breakdown of their U.S. employees. The forms are filed annually, but they don&#8217;t break out stats for employees hired that year; they just provide the total headcount of all employees by race.
Bloomberg, reaching for a way to isolate recent numbers, focused on the fact that companies increased their cumulative headcount by some 320,000 in 2021. Then they made a flawed leap of logic: They took the increase of minorities across the entire workforce, and divided it by the number of new positions — not the number of actual hires, which overwhelmingly come from replacing people who leave the company. In short, they got the denominator wrong.
&#8220;Bloomberg obtained 2020 and 2021 data for 88 S&amp;P 100 companies and calculated overall US job growth at those firms&#8230;.  Overall, these companies increased their headcount by 323,094 employees in 2021,&#8221; the outlet wrote. &#8220;Bloomberg then analyzed the racial makeup of those additional workers, finding that 94% of them were people of color.&#8221;
But it’s not possible from the data to say that those additional “people of color” took the 320,000 newly created positions. Most of them were almost certainly hired as part of a much larger group: replacements for existing jobs that were vacated by retirees or people changing jobs.
The 88 companies in Bloomberg’s study together employed 8.9 million workers in 2020. Based on a <a href="https://www.netsuite.com/portal/resource/articles/human-resources/employee-turnover-statistics.shtml#:~:text=What%20is%20a%20good%20employee,is%20known%20as%20involuntary%20turnover." target="_blank" rel="noopener">typical annual turnover rate of 18%</a>, an estimated 1.6 million people would have left and been replaced in 2021. So the increase in minorities shouldn&#8217;t be calculated as 300,000 out of 320,000 — it&#8217;s 300,000 out of roughly 2 million (1.6 million plus 320,000).
Some companies may have had no employment growth at all, just turnover from retirements. Bloomberg&#8217;s methodology could capture minor demographic changes across companies like this, then apply all those changes to a small number of newly-created positions from entirely different companies.
Take this hypothetical: There are two companies, each staffed by 100 white people. One of them replaces 20 retiring white employees with 20 black employees. The other is very profitable, so it creates 10 new positions, all given to whites. Bloomberg&#8217;s methodology would conclude that the companies, as a group, hired 20 black people into 10 new jobs, and that minorities received 200% of jobs. This is obviously impossible, and in fact, all of the new jobs went to whites.
<div id="attachment_627865" style="width: 1034px" class="wp-caption alignnone"><img aria-describedby="caption-attachment-627865" decoding="async" loading="lazy" class="size-large wp-image-627865" src="https://dw-wp-production.imgix.net/2023/09/bloomberg-1024x555.png" alt="Bloomberg News" width="1024" height="555" srcset="https://dw-wp-production.imgix.net/2023/09/bloomberg-1024x555.png 1024w, https://dw-wp-production.imgix.net/2023/09/bloomberg-300x163.png 300w, https://dw-wp-production.imgix.net/2023/09/bloomberg-768x416.png 768w, https://dw-wp-production.imgix.net/2023/09/bloomberg-1536x832.png 1536w, https://dw-wp-production.imgix.net/2023/09/bloomberg-2048x1109.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" />Chart from Bloomberg News based on its flawed study</div>
In 2020, the S&amp;P companies were just under 54% white. If every retiree was replaced with someone of the same race, and whites also got the same share of the new jobs, you&#8217;d expect to see 173,000 whites added. Bloomberg observes that there were only 20,000 whites added.
What this tells us is there was a shortage of approximately 153,000 whites — but that&#8217;s not across the 320,000, it&#8217;s across 2 million jobs filled. Instead of hiring just over 1 million whites (54%), they hired about 884,000 (45%).
On the &#8220;people of color&#8221; side, Bloomberg said that Hispanics grew by 131,000 in the 320,000 jobs. But they actually simply got their share of newly-created new jobs (54,000), plus out of the 864,000 whites retiring, 77,000 were replaced by Hispanics.
In all, we can compute that of the 2 million jobs filled in 2021, about 400,000 went to Hispanics — 20%, which is only slightly higher than the 17% in the legacy workforce.
Following the same logic, the number of 2021 hires who were Asian was 12%, slightly higher than the 10% of the legacy workforce, while blacks went up 1%, from 17% to 18%.
Though blacks benefited the least from the decline in whites, that&#8217;s expected because blacks, who make up 12% of the population, are actually overrepresented in the workforce studied by Bloomberg.
Robert VerBruggen, an economic policy fellow at the Manhattan Institute, agreed that Bloomberg’s analysis failed to take into account the workers leaving and their demographics.
“The country&#8217;s demographics are changing — older generations are much whiter than younger ones,” VerBruggen told The Daily Wire. “If whites are disproportionately retiring and non-whites are disproportionately getting jobs, that will skew the numbers, giving the appearance of a serious commitment to equity — or mass violations of civil-rights law, depending on one&#8217;s perspective.”
A telltale sign that Bloomberg&#8217;s &#8220;percentage of the net increase&#8221; methodology is flawed, VerBruggen explained, is that, if the departures of whites had been just a little higher, the net change in whites would have been negative instead of the actual small growth of 20,000. Bloomberg&#8217;s methodology would then assert that whites took a negative percentage of the new 320,000 jobs, a mathematic impossibility.
The study also received pushback from pollster Patrick Ruffini, who <a href="https://twitter.com/PatrickRuffini/status/1707022523391488291" target="_blank" rel="noopener">said</a> Bloomberg’s analysis was “statistically illiterate” and pointed out the outlet’s failure to take into account employee turnover.
“This stuff could be the product of generational turnover in the workforce,” Ruffini said. “If retirees are 80% white and new workers are 55% in line with demographics of young workers, you get numbers like this.”
Normally in journalism, there is a safeguard that comes in the form of calling the companies mentioned for comment. But Bloomberg said &#8220;none of the half-dozen companies with the most notable diversity gains wanted to discuss them in detail.&#8221;
The companies could have pointed out that Bloomberg&#8217;s methodology was flawed, and prevented them from publishing an error. But the error overstated their diversity gains, and it was clear from the reporters&#8217; bias that big diversity gains would be portrayed favorably. (The story was headlined “Corporate America Promised to Hire a Lot More People of Color. It Actually Did.”)
Asked about the methodology for its study, a Bloomberg spokeswoman said &#8220;We stand by our reporting and analysis.&#8221;
The Daily Wire&#8217;s calculations based on the data used by Bloomberg can be viewed below:
<div class="image"><img decoding="async" loading="lazy" class="alignnone size-large wp-image-628819" src="https://dw-wp-production.imgix.net/2023/09/bloomberg-numbers-1024x289.png" alt="" width="1024" height="289" srcset="https://dw-wp-production.imgix.net/2023/09/bloomberg-numbers-1024x289.png 1024w, https://dw-wp-production.imgix.net/2023/09/bloomberg-numbers-300x85.png 300w, https://dw-wp-production.imgix.net/2023/09/bloomberg-numbers-768x217.png 768w, https://dw-wp-production.imgix.net/2023/09/bloomberg-numbers-1536x433.png 1536w, https://dw-wp-production.imgix.net/2023/09/bloomberg-numbers.png 2020w" sizes="(max-width: 1024px) 100vw, 1024px" /></div>

Black Lives Matter

Bloomberg Flubs Data For Bombshell Report That Only 6% Of New Corporate Hires Are White

Bloomberg News

Critical Race Theory

Diversity Equity and Inclusion (DEI)

Media Bias

Anheuser-Busch InBev, whose sales have plummeted since April after their marketing campaign with trans influencer Dylan Mulvaney for Bud Light hit a colossal nerve among conservatives, is laying off hundreds of employees.
Anheuser-Busch acknowledged roughly 380 workers — 2% of the 19,000 employees “across every corporate function”— will be released. In the month ending July 15, Bud Light&#8217;s U.S. sales nose-dived 26.5%.
“While we never take these decisions lightly, we want to ensure that our organization continues to be set for future long-term success,” Anheuser-Busch Chief Executive Brendan Whitworth <a href="https://www.cbsnews.com/news/anheuser-busch-bud-light-layoffs-dylan-mulvaney-kid-rock-ryan-young/?ftag=CNM-00-10aab7e&amp;linkId=227215097" target="_blank" rel="noopener">stated</a>. “These corporate structure changes will enable our teams to focus on what we do best — brewing great beer for everyone.”
Bars, restaurants, and retail stores have reported the thirst for Bud Light bottomed out in April after Mulvaney released a TikTok video showing the custom can while celebrating 365 days of “being a woman.”
In late June, Whitworth appeared Wednesday CBS “This Morning,” where he called the backlash “divisive.”
“I think the conversation surrounding Bud Light has moved away from beer and the conversation has become divisive,” Whitworth said. “Bud Light really doesn’t belong there; Bud Light should be about bringing people together.”
Asked what the intention of the company was in sending Mulvaney the can of beer emblazoned with his picture, Whitworth reiterated the company’s statement from early May, declaring, “It was a gift and it was one can.”
Then came the crucial question: co-host Tony Dokoupil asked, “Knowing what you know now if you go back, would you send a can to this one person again?”
“There’s a big social conversation taking place right now and big brands are right in the middle of it,” Whitworth replied. “And it’s not just our industry or Bud Light. It’s happening in retail, it’s happening in fast food. And so, for us, what we need to understand is — deeply understand and appreciate — is the consumer, and what they want, what they care about, and what they expect from big brands.”
“Where are you on the issue? Was this a mistake?” Dokoupil pressed.
Again, Whitworth ducked the question.
“Bud Light has supported LGBTQ since 1998, so that’s 25 years,&#8221; he said. &#8220;And as we’ve said from the beginning, we’ll continue to support the communities and organizations that we’ve supported for decades. But as we move forward, we want to focus on what we do best, which is brewing great beer for everyone, listening to our consumers, being humble in listening to them, making sure we do right by our employees, take care and support our partners, and ultimately make an impact in the communities that we serve.”
<a href="https://www.dailywire.com/news/anheuser-busch-ceo-asked-if-hed-send-can-to-mulvaney-again-he-refuses-to-answer">Anheuser-Busch CEO Asked If He’d Send Can To Mulvaney Again. He Refuses To Answer.</a>

Bud Light Boycott Continues After Company Partnered With Transgender Influencer

The Mulvaney Effect: Anheuser-Busch Laying Off Hundreds Of Employees

Anheuser-Busch

Bud Light

Dylan Mulvaney

President Joe Biden tried to blow his horn Sunday with a claim that Americans’ real wages are higher than before the pandemic, but instead bringing the walls of Jericho tumbling down, the bogus boast earned a swift rebuke from Twitter’s Community Notes.
“The tweet’s claim about real wages contains a factual error,” Community Notes chided Biden. “On 3/15/20 when US COVID lockdowns began real wages adjusted for inflation (AFI) were $11.15. As of 7/16/23 real wages AFI are $11.05. Real wages AFI remain lower (not higher) than before the pandemic.”
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Right now, real wages for the average American worker is higher than it was before the pandemic, with lower wage workers seeing the largest gains.
That&#39;s Bidenomics.
&mdash; President Biden (@POTUS) <a href="https://twitter.com/POTUS/status/1680683725460238339?ref_src=twsrc%5Etfw">July 16, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The Twitter account for the GOP, not to be outdone, added, “Since Biden took office, real wages are down 3%.”
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Since Biden took office, real wages are down 3%.
&mdash; GOP (@GOP) <a href="https://twitter.com/GOP/status/1680690330675339270?ref_src=twsrc%5Etfw">July 16, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
As shown by <a href="https://ycharts.com/indicators/us_real_average_hourly_earnings#:~:text=Basic%20Info,1.19%25%20from%20one%20year%20ago" target="_blank" rel="noopener">YCharts</a>, by the end of April 2020, before the COVID impact had started to take full effect, real wages rose to their highest level in the last four years: $11.72. By the end of June 2020, they fell to $11.41 and remained at roughly that level until after Biden was inaugurated.
But then they started dipping steadily; by May 31, 2022, they were hovering at $11.01, and by the end of the next month they had plunged to $10.92.
In the 31 months starting in February 2021, just after Biden was inaugurated, the inflation rate has <a href="https://www.usinflationcalculator.com/inflation/current-inflation-rates/" target="_blank" rel="noopener">averaged</a> a whopping 6.22%. When Biden took office the rate had been 1.4% in January 2021. But he signed into the law the $1.9 trillion American Rescue Plan and a $1.1 trillion infrastructure package.
Conversely, in the 31 months starting in February 2017, just after former President Trump was inaugurated, the inflation rate averaged only 2.17 %. When Trump took office the rate had been 2.5% in January 2017.
In Biden’s 2023 State of the Union Address, he boasted that he had created “12.7 million new jobs, more jobs created in two years than any president has ever created in four years.”
That ignored the fact that the U.S. economy lost over 22 million jobs in March and April 2020 as a result of the economic shutdowns triggered by the COVID pandemic.
In the first two years of Biden’s tenure as president, federal spending rose to 40% higher than the pre-COVID 2019 budget. Biden’s proposed 2024 budget would <a href="https://rollcall.com/2023/04/26/trillion-dollar-deficits-bidens-new-normal/" target="_blank" rel="noopener">add as much</a> to the national debt as former President Trump and former president George W. Bush combined.

FINLAND-US-DIPLOMACY

Biden Brags About Americans’ Real Wages. Twitter’s Community Notes Levels Him.

Twitter

The share of the American <a href="http://dailywire.com/topic/jobs" target="_blank" rel="noopener">workforce</a> composed of foreign-born workers rose to record levels last year, a phenomenon which comes as <a href="https://www.dailywire.com/topic/immigration" target="_blank" rel="noopener">immigration</a> surges in the wake of worldwide <a href="https://www.dailywire.com/topic/lockdowns" target="_blank" rel="noopener">lockdowns</a> and as the nation’s <a href="http://dailywire.com/topic/economy" target="_blank" rel="noopener">economy</a> grapples with <a href="https://www.dailywire.com/topic/labor-shortage" target="_blank" rel="noopener">labor shortages</a>.
Workers born in other nations comprised 18.1% of the workforce in 2022, according to <a href="https://www.bls.gov/news.release/forbrn.htm" target="_blank" rel="noopener">data</a> released last week by the Bureau of Labor Statistics, marking an increase from 17.4% in 2021. Hispanics account for nearly half of the foreign-born labor force, while Asians account for one-quarter of the foreign-born labor force. Average weekly earnings for foreign-born workers were $945 last year, while weekly earnings for their native-born counterparts were $1,087.
Native-born workers were more likely than foreign-born workers to hold positions in management, professional, and sales occupations, while the latter were more likely to work in service, natural resources, construction, logistics, and maintenance. Labor force participation among native-born males was 66.0% compared to 77.4% for foreign-born men.
The heightened level of foreign-born workers as a share of the overall workforce occurs as the United States and other nations reverse public health mandates that slowed immigration and temporary residency. One <a href="https://www.pewresearch.org/short-reads/2022/12/01/after-declining-early-in-the-covid-19-outbreak-immigrant-naturalizations-in-the-u-s-are-rising-again/" target="_blank" rel="noopener">analysis</a> from Pew Research Center found that there has been a rise in “the number of immigrants receiving green cards as new lawful permanent residents, as well as a partial rebound in arrivals by foreign students, tourists, and other lawful temporary migrants.”
Illegal immigration has meanwhile <a href="https://www.dailywire.com/news/biden-heads-to-beach-after-shattering-all-time-record-with-83000-illegal-aliens-storming-border-in-1-week" target="_blank" rel="noopener">soared</a> to record levels over the past two years: as many as 5.5 million migrants have crossed into the United States under the Biden administration, according to <a href="https://www.prnewswire.com/news-releases/fair-analysis-5-5-million-illegal-aliens-have-crossed-our-borders-since-biden-took-officehow-is-secretary-mayorkas-still-employed-301658734.html" target="_blank" rel="noopener">data</a> from the Federation for American Immigration Reform. Critics of immigration policies forwarded by the White House have asserted that lackluster emphasis on securing the border and increased resources for migrants who enter the country have worsened the crisis.
Several cities and at least one state <a href="https://www.dailywire.com/news/leading-republicans-decry-biden-border-crisis-as-title-42-ends" target="_blank" rel="noopener">declared</a> emergencies this month as officials prepare for the conclusion of Title 42, a statute which permitted authorities to quickly turn away migrants at the southern border on public health grounds. Large groups of illegal immigrants have been recorded amassing at the border and seeking to enter the country between ports of entry.
The labor market over the past three years has widely been considered a bright spot in an otherwise dismal economic landscape marked by record inflation and persistent supply chain bottlenecks. Low labor force participation across the economy, on the other hand, has <a href="https://www.dailywire.com/news/americans-continue-to-opt-out-of-the-workforce" target="_blank" rel="noopener">worsened</a> both trends as businesses raise wages to fill their payrolls and attract or retain more workers. Excess retirements amid the lockdown-induced recession have been <a href="https://www.dailywire.com/news/federal-reserve-chair-jerome-powell-discusses-future-slowdown-of-rate-hikes" target="_blank" rel="noopener">identified</a> as a factor contributing to decreased labor force participation.
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There were 30.0 million foreign-born workers in the United States as of last month, according to <a href="https://fred.stlouisfed.org/series/LNU02073395" target="_blank" rel="noopener">data</a> from the Bureau of Labor Statistics, eclipsing the 27.7 million workers counted in the month before the lockdowns and significantly surpassing 22.0 million workers three years ago. There were meanwhile 131.1 million native-born workers last month, according to more <a href="https://fred.stlouisfed.org/series/LNU02073413" target="_blank" rel="noopener">data</a>, a figure which remains below levels recorded before the recession.
Foreign-born workers composed some 15.0% of the workforce in 2005, according to more <a href="https://www.bls.gov/news.release/archives/forbrn_04142006.pdf" target="_blank" rel="noopener">data</a> from the Bureau of Labor Statistics.

Restaurant

Foreign-Born Workers Now Make Up Nearly One-Fifth Of American Workforce

Foreign-Born Adults Now Make Up Almost One-Fifth Of American Workforce

Immigration

Lockdowns

Unemployment

<a href="http://dailywire.com/topic/twitter" target="_blank" rel="noopener">Twitter</a> CEO <a href="http://dailywire.com/topic/elon-musk" target="_blank" rel="noopener">Elon Musk</a> revealed on Tuesday that his team has managed to significantly increase <a href="http://dailywire.com/topic/business" target="_blank" rel="noopener">efficiency</a> at the <a href="http://dailywire.com/topic/social-media" target="_blank" rel="noopener">social media</a> company since he purchased the firm six months ago.
Musk, who also serves as CEO of Tesla and SpaceX, said he acquired Twitter at the end of last year in order to reserve a corner of the public square for open dialogue. He commented in a virtual <a href="https://www.youtube.com/watch?v=PDy7s1SDDn4&amp;t=76s" target="_blank" rel="noopener">interview</a> with the Wall Street Journal CEO Council that the process of purchasing Twitter felt like he was “teleported into a plane that’s plunging to the ground with its engines on fire.”
“We had to do some pretty heavy-handed cost cutting,” he remarked. “If we get lucky, we might be cash flow positive next month, but it remains to be seen.”
Musk dismissed all but 1,500 of the 8,000 employees who worked at Twitter when he acquired the firm. He revealed that the company would once again “start adding people” as they keep overall headcount near the current threshold of 1,500 employees, noting that the firm initially had only “one person with an accelerator” for every “nine with a set of brakes.”
“At any given company, there are people who help move things forward and people who sort of try to slam the brakes,” he continued. “We introduced more functionality in the last six months than Twitter has in the last six years.”
The billionaire entrepreneur also <a href="https://www.dailywire.com/news/elon-musk-takes-away-blue-check-verification-from-celebrities-and-news-outlets-confusion-and-hilarity-ensue" target="_blank" rel="noopener">introduced</a> a revenue structure based on subscriptions rather than advertisements after he noted that a number of companies have ended their relationships with the platform at the behest of leftist organizations, dealing a significant blow to the business.
Other prominent technology firms have likewise introduced mass layoffs at the behest of investors frustrated with lackluster profitability: Microsoft, Google, and Amazon previously <a href="https://www.dailywire.com/news/the-white-house-brushed-off-concerns-about-mass-firings-at-microsoft-and-amazon-now-google-is-laying-off-employees-too" target="_blank" rel="noopener">revealed</a> moves to decrease payrolls by a combined more than 40,000 workers earlier this year, while fellow social media company Meta dismissed another 10,000 employees and <a href="https://www.dailywire.com/news/meta-lays-off-thousands-more-employees-as-zuckerberg-urges-return-to-physical-offices" target="_blank" rel="noopener">ceased</a> efforts to fill 5,000 available positions after <a href="https://www.dailywire.com/news/heads-roll-at-meta-as-zuckerberg-announces-massive-layoffs" target="_blank" rel="noopener">reducing</a> payrolls by more than 11,000 workers.
Musk concurred that other firms would likely see increased operational efficiency despite the layoffs. “There were a lot of people doing things that didn’t seem to have a lot of value,” he noted with respect to Twitter. “I think that’s true probably at most Silicon Valley companies, maybe not to the degree to which it was at Twitter, but there’s a potential for significant cuts at other companies without affecting their productivity, and in fact increasing productivity.”
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More than 144,000 workers have been dismissed from technology firms in the first months of 2023, according to a <a href="https://news.crunchbase.com/startups/tech-layoffs/#:~:text=More%20than%2046%2C000%20workers%20in,person%20layoff%20announcements%20this%20week." target="_blank" rel="noopener">report</a> from Crunchbase, even after companies in the sector dismissed some 93,000 positions in the entirety of last year.
Twitter has meanwhile implemented efforts to host podcasts and other original content. All of the top-ranked shows from The Daily Wire will <a href="https://www.dailywire.com/news/dailywire-to-stream-all-shows-on-twitter-largest-free-speech-platform-in-the-world" target="_blank" rel="noopener">start</a> to stream on the platform next week, while conservative commentator Tucker Carlson will <a href="https://www.dailywire.com/news/breaking-tucker-carlson-announces-new-show" target="_blank" rel="noopener">launch</a> a show on the platform as well after his unexpected ouster from Fox News. Florida Republican Governor Ron DeSantis will announce his bid for the presidency on Wednesday in a conversation with Musk likewise hosted on Twitter.

Elon Musk

Elon Musk Describes Twitter Reforms In Colorful Terms: ‘Teleported Into A Plane That’s Plunging To The Ground’

Elon Musk Describes Twitter Reforms In Colorful Terms

Big Tech

Business

Silicon Valley

Social Media

<a href="http://dailywire.com/topic/jobs" target="_blank" rel="noopener">Roles</a> in asset management and <a href="http://dailywire.com/topic/banks" target="_blank" rel="noopener">banking</a> pay much more if they are associated with the environmental, social, and corporate governance movement, also known as <a href="http://dailywire.com/topic/esg" target="_blank" rel="noopener">ESG</a>, according to <a href="https://www.reuters.com/sustainability/esg-us-finance-job-titles-comes-with-20-pay-premium-2023-05-19/" target="_blank" rel="noopener">data</a> from Revelio Labs shared with Reuters.
Skeptics of the ESG movement contend that the investment and business philosophy emphasizes political and social causes, such as decreasing carbon emissions or diversifying company leadership, in a manner that distracts from profitability. The expanding popularity of the movement in corporate circles nevertheless comes with a salary premium: finance roles with ESG in their titles pay an average of more than $110,000, exceeding the $90,000 average pay received by those in finance roles unrelated to ESG.
The analysis from Revelio Labs, which does not consider the bonuses often provided to finance professionals, examined some 28 million publicly available sources for the analysis.
&#8220;Salaries of ESG and non-ESG personnel started to diverge in 2020, in line with the spike in hiring in ESG roles due to the increasing focus on ESG and sustainable investing in the finance sector,&#8221; Loujaina Abdelwahed, an economist at Revelio Labs, said in an interview with Reuters.
There is considerable demand for financial services related to ESG: more than $35 trillion was invested in accordance with the philosophy across the world at the start of 2020, according to an <a href="https://www.gsi-alliance.org/wp-content/uploads/2021/08/GSIR-20201.pdf" target="_blank" rel="noopener">analysis</a> from Global Sustainable Investment Alliance, representing more than one-third of all professionally managed assets in the regions evaluated by the organization.
“Beyond the top line growth in sustainable investment assets, this is an industry that is in transition, with rapid developments across regions that are reshaping sustainable investment to increasingly focus on moving the industry towards best standards of practice,” the report said. “There are expectations that sustainable investment is defined not just by the strategies involved, but by the short and long-term impacts that investors are having from their sustainable investment approach.”
Prominent firms indeed increased the extent to which they publicly engaged on political issues in the wake of the social justice movement which spread across the nation three years ago. Some have <a href="https://www.dailywire.com/news/an-overt-act-of-marketing-leading-bank-increases-quota-for-women-in-senior-roles" target="_blank" rel="noopener">adopted</a> public commitments to increase the number of racial minorities and females who are promoted to senior management, implemented <a href="https://www.dailywire.com/news/united-airlines-pours-millions-into-decarbonizing-air-travel-with-alternative-to-jet-fuel" target="_blank" rel="noopener">efforts</a> to reduce carbon emissions, or <a href="https://www.dailywire.com/news/new-analysis-corporate-america-has-donated-82-billion-to-blm-related-causes-so-far" target="_blank" rel="noopener">contributed</a> to activist entities which support racial justice.
Workers have now come to expect that their employers vocally support activist efforts. The most recent <a href="https://www.dailywire.com/news/massive-share-of-workers-upset-companies-are-not-calling-out-racism-more-often" target="_blank" rel="noopener">edition</a> of the Edelman Trust Barometer found that 62% of respondents say companies are “doing mediocre or worse living up to their promises and commitments to address racism both within their organization as well as the population.” Some 74% of blacks answered affirmatively, as did 71% of Asians, 66% of Hispanics, and 60% of whites, while a slight majority of Republicans answered affirmatively alongside two-thirds of Democrats.
The elevated prominence of the ESG movement has not occurred without controversy. Republican state lawmakers have implemented a number of efforts to <a href="https://www.dailywire.com/news/blackrock-should-lose-permission-to-invest-in-utilities-because-of-esg-pushes-republican-ags-say" target="_blank" rel="noopener">divest</a> state funds from companies associated with the investment philosophy, while conservative consumers have <a href="https://www.dailywire.com/news/getting-worse-and-worse-former-anheuser-busch-executive-predicts-bud-light-backlash-is-not-going-away" target="_blank" rel="noopener">shunned</a> popular brands which <a href="https://www.dailywire.com/news/anheuser-busch-loses-perfect-lgbtq-equity-score-by-missing-key-moment-to-stand-up-for-mulvaney" target="_blank" rel="noopener">cater</a> to the ideology as they attempt to maintain their scores on ESG indices in order to retain <a href="https://www.dailywire.com/news/extortion-racket-big-brands-promote-polarizing-personalities-to-boost-cei-score" target="_blank" rel="noopener">access</a> to investment funds.

Wall Street

Woke Finance Positions Pay Much More Than Normal Ones, Report Says

Woke Finance Positions Pay Much More Than Normal Positions

Banks

Wokeness

Wendy’s announced on Thursday that the <a href="http://dailywire.com/topic/business" target="_blank" rel="noopener">company</a> will test a <a href="https://www.dailywire.com/topic/robots" target="_blank" rel="noopener">robotic</a> system to deliver orders underground from its kitchens to distinct parking spots outside of its <a href="https://www.dailywire.com/topic/restaurant" target="_blank" rel="noopener">restaurants</a>, a move which comes as the <a href="http://dailywire.com/topic/food" target="_blank" rel="noopener">food</a> services sector turns toward automation in response to labor <a href="http://dailywire.com/topic/economy" target="_blank" rel="noopener">shortages</a>.
The firm will partner with hyperlogistics company Pipedream, which created a <a href="https://www.pipedreamlabs.co/" target="_blank" rel="noopener">system</a> through which entities such as restaurants, retailers, grocery stores, and warehouses can immediately transport goods to waiting customers in order to streamline digital pickups. The technology, which the company plans to implement in an existing location later this year, will connect to the kitchen and transport orders underground with a robot to portals in the parking lot outside of the restaurant.
&#8220;We know that serving orders quickly and accurately leads to increased customer satisfaction,&#8221; Wendy’s COO Deepak Ajmani said in a <a href="https://www.irwendys.com/news/news-details/2023/Wendys-Partners-with-Pipedream-to-Pilot-Industry-First-Underground-Delivery-System-for-Mobile-Orders/default.aspx" target="_blank" rel="noopener">press release</a>. &#8220;Pipedream&#8217;s Instant Pickup system has the potential to unlock greater mobile order speed of service and accuracy, enabling us to consistently deliver hot and fresh Wendy&#8217;s products to our fans.&#8221;
Wendy’s added that customers will not have to leave their cars in order to receive their food, significantly increasing efficiency for restaurant workers.
&#8220;We&#8217;re proud to partner with an iconic, innovative brand like Wendy&#8217;s to bring the future of mobile order pick-up to the quick service industry,&#8221; Pipedream CEO Garrett McCurrach said in the release. &#8220;By solving order handoff, the final leg of the digital experience, our Instant Pickup technology allows Wendy&#8217;s restaurant team members to focus on what matters: serving delicious, high-quality food and connecting with customers in this digital-first world.&#8221;
The move from Wendy’s comes as labor shortages persist after the lockdown-induced recession: there are nearly two open positions for every unemployed individual in the United States, according to <a href="https://www.bls.gov/charts/job-openings-and-labor-turnover/unemp-per-job-opening.htm" target="_blank" rel="noopener">data</a> from the Bureau of Labor Statistics, increasing costs for businesses and contributing to inflation as companies hike wages to attract and retain employees.
Other quick service restaurants have turned toward artificial intelligence to increase operational efficiency in light of the worker shortages. Fast food chains Carl’s Jr. and Hardee’s <a href="https://www.dailywire.com/news/two-fast-food-chains-will-roll-out-ai-drive-thru-technology" target="_blank" rel="noopener">announced</a> earlier this month that the brands would use an AI voice ordering platform developed by OpenCity in their drive-thru systems at select locations across the country, a move which is expected to increase “order accuracy” and cause “significant impact to labor efficiencies.”
Customers who arrive at drive-thru lines can place their orders through a “digital interaction” with the system before they pay an employee for their meal, likewise allowing workers to “focus more on providing better customer service and preparing timely and freshly made orders.”
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McDonald’s has <a href="https://www.dailywire.com/news/mcdonalds-partners-with-ibm-to-automate-drive-thrus-as-labor-shortages-persist" target="_blank" rel="noopener">partnered</a> with IBM to automate drive-thrus and <a href="https://www.dailywire.com/news/mcdonalds-is-testing-voice-automated-drive-thrus-in-wake-of-15-minimum-wage-proposals" target="_blank" rel="noopener">unveiled</a> voice-ordering technology at multiple Chicago restaurants two years ago after purchasing several AI startups, while Chipotle <a href="https://www.dailywire.com/news/california-passed-a-new-minimum-wage-bill-now-chipotle-is-testing-a-robotic-chip-maker" target="_blank" rel="noopener">introduced</a> a robotic chip machine in California after state lawmakers passed a bill to create a council with authority to raise fast food minimum wages.
Broader debate over AI and automation largely centers on the potential labor market impacts from the nascent technology. Even as some analysts <a href="https://www.dailywire.com/news/colossal-share-of-american-jobs-could-be-replaced-by-ai-new-report-says" target="_blank" rel="noopener">forecast</a> that the sector could eliminate as many as 7% of positions in the United States, others note that the systems <a href="https://www.dailywire.com/news/heres-how-much-more-efficient-ai-makes-the-average-worker-study" target="_blank" rel="noopener">render</a> individual workers considerably more productive, implying avenues for economic growth and more opportunities for creative work as rote elements within many professions are automated.

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