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)

Jobs

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.

Economy

Joe Biden

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

U.S.

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.

Wendy’s Restaurant

Fast Food Chain Will Use Underground Robots To Deliver Orders In Parking Lot

Fast Food Chain Will Use Underground Robots To Deliver Orders

Artificial Intelligence

Robots

<a href="http://dailywire.com/topic/unemployment" target="_blank" rel="noopener">Unemployment</a> reached an historically low 3.4% in April even as the number of new <a href="http://dailywire.com/topic/jobs" target="_blank" rel="noopener">jobs</a> exceeded analysts’ forecasts, according to <a href="https://www.bls.gov/news.release/empsit.nr0.htm" target="_blank" rel="noopener">data</a> from the Bureau of Labor Statistics released Friday, despite a number of <a href="http://dailywire.com/topic/economy" target="_blank" rel="noopener">economic</a> headwinds and indications of slowing growth.
Total nonfarm employment increased by 253,000, surpassing analysts’ expectations of 180,000 new positions but falling below the 290,000 average recorded over the past six months. The recorded 3.4% unemployment rate in April marked a slight decrease from the 3.5% rate in March and is tied for the lowest joblessness level since 1969.
&#8220;Hiring has been slowing, but perhaps not as much as expected given the headwinds of persistent inflation, the steep increase in interest rates, and financial strains associated with bank failures,” Bankrate Senior Economic Analyst Greg McBride said in comments provided to The Daily Wire.
The scientific and technical services sector added 45,000 new positions, while the business services sector added 43,000 new positions and the healthcare sector added 40,000 new positions. Job losses occurred in temporary help services, which lost 23,000 positions.
The labor market 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 worsened both trends as businesses raise wages to fill their payrolls and attract or retain more workers.
Robust demand for workers occurs even as pay increases more slowly than price levels, causing a decrease in purchasing power for households. Wages increased 4.4% on an annual basis as of April, surpassing expectations of 4.2% but falling below the 5.0% inflation rate recorded for March, according to <a href="https://www.dailywire.com/news/headline-inflation-edges-downward-even-as-costs-for-many-key-items-continue-to-soar" target="_blank" rel="noopener">data</a> from the Bureau of Labor Statistics.
The most recent unemployment report was unveiled amid continued unease in the financial sector: Silicon Valley Bank and Signature Bank, where the majority of customers maintained account balances above the Federal Deposit Insurance Corporation threshold, collapsed in March as users rushed to withdraw funds. First Republic Bank was obtained and subsequently sold by regulators on Monday, while PacWest executives <a href="https://www.dailywire.com/news/federal-reserve-just-said-banks-are-sound-and-resilient-another-one-might-collapse" target="_blank" rel="noopener">announced</a> the possibility of a sale this week and other regional banks with reduced deposit levels faced <a href="https://www.dailywire.com/news/several-regional-banks-face-market-turmoil-after-first-republic-collapse" target="_blank" rel="noopener">turmoil</a> on the stock market.
Federal Reserve officials meanwhile <a href="https://www.dailywire.com/news/federal-reserve-unveils-quarter-point-target-interest-rate-hike-as-banking-system-reels" target="_blank" rel="noopener">announced</a> a quarter-point increase in the target federal funds rate, a move which increases the cost of borrowing money such that inflationary pressures decrease, even as businesses assume less debt and decrease hiring.
&#8220;The Federal Reserve indicated this week that it is non-committal on the question of further interest rate increases,” McBride continued. “Next week’s inflation readings, including the Consumer Price Index, will be important to watch.&#8221;
American economic growth slowed to a 1.1% annualized rate in the first quarter, marking a significant decline from previous quarters as interest rate hikes dampen economic activity, according to an advance <a href="https://www.dailywire.com/news/american-economic-growth-slows-to-1-1-in-first-quarter" target="_blank" rel="noopener">estimate</a> released last week by the Bureau of Economic Analysis. Federal Reserve officials <a href="https://www.dailywire.com/news/federal-reserve-officials-reveal-when-they-expect-a-recession-to-strike" target="_blank" rel="noopener">concluded</a> that the instability in the financial system warrants a recession forecast for the end of the year, followed by a predicted recovery over the subsequent two years.
Interest rate hikes contributed to the substantial loss incurred by Silicon Valley Bank as executives liquidated a long-term bond portfolio to cover withdrawals. Assets in the banking system are $2 trillion lower than their book value as a result of Federal Reserve efforts to implement the current rollback in monetary stimulus, according to a recent <a href="https://www.dailywire.com/news/banking-system-is-sound-and-government-will-back-deposits-at-smaller-banks-yellen-promises" target="_blank" rel="noopener">study</a> from analysts at the National Bureau of Economic Research.

Grocery Store

Unemployment Rate Ticks Down, Number Of Jobs Increase Despite Economic Tumult

Unemployment Rate Ticks Down Despite Economic Tumult

Federal Reserve

Inflation

Recession

A key lawmaker reacted in disbelief Tuesday when a Biden cabinet official said the climate change agenda took priority over the livelihoods of blue collar workers because &#8220;there’s a lot of jobs.&#8221;
The exchange between Sen. Josh Hawley, (R-MO), and Interior Secretary Deb Haaland came Tuesday as Hawley noted that manufacturing lithium-ion batteries for the electric vehicles being pushed by the Biden Administration causes environmental damage. When a stumped Haaland admitted she didn&#8217;t know China was the world&#8217;s leading producer of refined lithium and cobalt, and chief exporter of graphite to the U.S., Hawley said dependence on an adversary for such electric car components posed a threat to the U.S.
“Your decision to trade off our energy security in favor of a radical climate change agenda is making us more and more dependent on China,” Hawley said. “And at the same time you are denying mining, blocking mining, blocking permits for mines in this country that would allow us to develop nickel and copper and cobalt. Why? Why block the development of these resources in our own nation in favor of making us dependent on China?”
Earlier this year, the Biden Administration <a href="https://www.foxnews.com/politics/top-biden-official-suggests-too-many-jobs-defending-climate-agenda-tense-exchange" target="_blank" rel="noopener">banned mining</a> across 225,504 acres near Duluth, Minnesota. Haaland asked if Hawley was referring to the Boundary Waters that lie near the Twin Metals mine in northeast Minnesota, commenting that they were an “iconic place, of course, a very valuable ecological system to many plants, animals, species.”
“Jobs for blue collar workers in this nation are valuable resources,” Hawley replied. “The livelihood and well-being of American families are valuable resources. The ability of America to have our own industry and not be dependent on China is a valuable resource. Why should those things for millions of Americans be sacrificed in favor of your agenda for radical climate change?”
“Senator, I know that there&#8217;s like 1.9 jobs for every American in the country right now. So, I know there&#8217;s a lot of jobs,” Haaland replied.
“Wait a minute. Wait a minute. Wait a minute. … You&#8217;re telling me we&#8217;ve got too many jobs in the country?” Hawley asked.
&#8220;Well, I&#8217;m saying that we don&#8217;t have enough people,” Haaland answered. “That&#8217;s why we are having a hard time finding folks to work at our department.”
“You’re telling me that we have too many jobs for blue collar workers?&#8221; Hawley shot back. &#8220;Have you seen the number of jobs we have lost in this country to China in the last 20 years? Do you know where those jobs come from? Over three million jobs have gone to China. Do you know where those jobs have come from? They’ve come out of Midwestern towns like the ones I represent. They are blue collar workers, and you’re sitting here and telling me that we have too many jobs in this country? Are you serious?”
Hawley accused the Biden administration of dismissing blue-collar workers while pursuing a dubious environmental policy.
“Trading off American energy security in favor of your radical climate change agenda, shutting down good-paying jobs in our energy sector and then saying we’ve got plenty of jobs in this country I think is the most, potentially — and this is quite a high bar, I might add — the most unbelievable statement I have heard from a member of this administration maybe in my time in the Senate,” Hawley said.
<iframe loading="lazy" src="https://www.c-span.org/video/standalone/?c5069045/user-clip-hawley-haaland" width="512" height="330" frameborder="0" allowfullscreen="allowfullscreen"></iframe>

Hawley

‘Are You Serious?’: Hawley Stunned As Biden Official Dismisses US Energy Workers, Saying ‘There’s A Lot Of Jobs’

Deb Haaland

Energy

Josh Hawley

Mining

Minnesota

A British broadcaster struggled to keep a straight face while reading a report about a new job opportunity that had recently become available at a nearby zoo.
According to the <a href="https://www.cnn.com/2023/04/30/europe/seagull-deterrent-blackpool-zoo-costume-trnd-intl/index.html" target="_blank" rel="noopener">report</a>, a video of which was shared by CNN, the zoo had been having a difficult time keeping seagulls away from patrons — especially when there was food nearby — and they wanted to hire a number of people to dress up as eagles and frighten the pesky gulls away.
WATCH:
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
UK zoo hiring people to dress up as birds and chase seagulls away <a href="https://t.co/jaN3LtSciK">https://t.co/jaN3LtSciK</a> <a href="https://t.co/fDBG8zmqfC">pic.twitter.com/fDBG8zmqfC</a>
&mdash; CNN (@CNN) <a href="https://twitter.com/CNN/status/1653082128505028608?ref_src=twsrc%5Etfw">May 1, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
&#8220;If you&#8217;re an animal lover and comfortable in a costume, the Blackpool zoo might have a job for you,&#8221; the newscaster began. &#8220;The animal sanctuary in Lancashire in England needs a seagull deterrent to keep the birds away from food, visitors, and other animals.&#8221;
After a brief pause, he asked, &#8220;Am I really reading this? And you can see there how you&#8217;re asking you to do it — dress up as a giant bird to chase the pesky seagulls away.&#8221; On the screen was a photo of a person wearing an inflatable eagle costume.
The broadcaster began to laugh as he continued, &#8220;They want to — they want to hire up to five people for this job – are you serious?&#8221;
&#8220;They even sent a tweet out to James Corden — he hosted his final episode of &#8216;The Late Late Show&#8217; on Thursday, so the zoo says this new job really will &#8216;suit&#8217; him,&#8221; he concluded with a laugh.
&#8220;Hey @JKCorden, we hear you&#8217;re headed back to Blighty and are interested in our seagull deterrent position? We think you’d be ace at it if you want to come and give it a go … from what we saw on @latelateshow last night, the costume would really suit you too!&#8221; the zoo tweeted at Corden.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Hey <a href="https://twitter.com/JKCorden?ref_src=twsrc%5Etfw">@JKCorden</a>, we hear you&#39;re headed back to Blighty and are interested in our seagull deterrent position? We think you’d be ace at it if you want to come and give it a go… from what we saw on <a href="https://twitter.com/latelateshow?ref_src=twsrc%5Etfw">@latelateshow</a> last night, the costume would really suit you too! 🦅 <a href="https://t.co/6Nu77EX943">pic.twitter.com/6Nu77EX943</a>
&mdash; Blackpool Zoo (@BlackpoolZoo) <a href="https://twitter.com/BlackpoolZoo/status/1651924850460573698?ref_src=twsrc%5Etfw">April 28, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The <a href="https://www.stuff.co.nz/travel/news/300865811/uk-zoo-seeks-outgoing-worker-to-wear-big-bird-costume-and-scare-seagulls" target="_blank" rel="noopener">job advertisement</a> seeks candidates who are &#8220;visitor focused,&#8221; &#8220;friendly,&#8221; and &#8220;outgoing — as you need to be comfortable wearing a bird costume!&#8221; Other in-demand skills included being &#8220;lively, energetic, fun and, most importantly, an excellent flapper.&#8221; The zoo has also warned potential applicants that zoo patrons are likely to approach them and ask to take photos.

Red-billed Gulls Leave Kunming As Weather Warms

‘Are You Serious?’: Newscaster Loses It Over Report On Local Zoo’s Bizarre Job Opening

'Are You Serious?': Newscaster Loses It Over Report On Local Zoo's Bizarre Job Opening

Animals

U.K.

World

<a href="http://dailywire.com/topic/disney" target="_blank" rel="noopener">Disney</a> plans to eliminate thousands of jobs next week, dismissing as many as 15% of entertainment staffers, according to a <a href="https://www.bloomberg.com/news/articles/2023-04-19/disney-is-poised-to-eliminate-thousands-of-jobs-next-week" target="_blank" rel="noopener">recent</a> report from Bloomberg.
Disney CEO Bob Iger <a href="https://www.dailywire.com/news/disney-will-begin-mass-layoffs-this-week-ceo-announces" target="_blank" rel="noopener">announced</a> two months ago that the company would dismiss 7,000 workers as part of a “strategic realignment” meant to reduce costs. The layoffs will impact employees in the conglomerate’s television, film, theme parks, and corporate divisions, in addition to the entertainment unit, with some workers slated to lose their positions on Monday.
“For our employees who aren’t impacted, I want to acknowledge that there will no doubt be challenges ahead as we continue building the structures and functions that will enable us to be successful moving forward,” Iger informed staff members last month. “In tough moments, we must always do what is required to ensure Disney can continue delivering exceptional entertainment to audiences and guests around the world, now, and long into the future.”
The company’s entertainment unit serves as a primary area for the headcount reductions as Iger pivots toward focusing on franchise properties and well-known brands. He elevated veteran executives Alan Bergman and Dana Walden to serve as co-chairs of Disney Entertainment, the restructured department created earlier this year.
Disney will also restructure the firm’s finance department such that staffers managing accounts for Disney Entertainment and ESPN are more closely consolidated. Bryan Castellani will serve under Disney CFO Christine McCarthy as the finance lead for the two business units, according to a <a href="https://www.businessinsider.com/disney-leaked-memo-reveals-new-finance-structure-espn-entertainment-layoffs-2023-4" target="_blank" rel="noopener">memo</a> obtained by Business Insider.
“I am confident that we are building an even more aligned and collaborative team that will enable our businesses and functions and help the company achieve its stated goals. Please join me in supporting the leaders who are taking on new roles and additional responsibilities. Each will be sharing more about their respective teams and structure in the near future,” McCarthy wrote in the memo. “While our changes are necessary to set the company up for future success, I acknowledge that change can be filled with tough decisions, conversations, and realities. There is more work to be done, and I appreciate your continued efforts, resiliency, and outstanding contributions through this time.”
Former Disney CEO Bob Chapek, who Iger handpicked to serve as his successor in February 2020, was dismissed by the board of directors after lackluster financial performance under his leadership and replaced with Iger in November 2022. The company’s stock price has declined 17% over the past year, and several other prominent entertainment and technology companies have been forced to <a href="https://www.dailywire.com/news/amazon-to-dismiss-thousands-more-workers-as-big-tech-layoffs-continue" target="_blank" rel="noopener">dismiss</a> large shares of their employees.
Disney has also lost trust among some consumers after Chapek and other executives involved the firm in contentious culture war battles last year. Disney publicly <a href="https://www.dailywire.com/news/watch-desantis-torches-disney-over-opposition-to-law-banning-sexual-ideology-being-forced-on-young-children" target="_blank" rel="noopener">opposed</a> a parental rights law in Florida that bans instruction about sexual orientation and gender identity to children between kindergarten and third grade. Some 64% of Americans, including 62% of Democrats and 57% of independents, nevertheless supported the law, according to an exclusive <a href="https://www.dailywire.com/news/exclusive-poll-over-60-of-americans-back-floridas-limits-on-k-3-lessons-on-sexual-orientation-and-gender-identity" target="_blank" rel="noopener">poll</a> from The Daily Wire.
<a class="c-link c-link--focus-visible" href="https://onelink.to/dwapp" target="_blank" rel="noopener noreferrer" data-stringify-link="https://onelink.to/dwapp" data-sk="tooltip_parent">CLICK HERE TO GET THE DAILY WIRE APP</a>
Iger expressed <a href="https://www.dailywire.com/news/new-disney-ceo-says-company-will-quiet-things-down-regrets-predecessor-battled-desantis" target="_blank" rel="noopener">regret</a> about the company’s opposition to the policy upon his return and promised that leadership would more carefully listen to consumers in the future. “I was sorry to see us dragged into that battle, and I have no idea exactly what its ramifications are in terms of the business itself,” he told employees. “What I can say is that the state of Florida has been important to us for a long time, and we have been very important to the state of Florida.”
Disclosure: The Daily Wire has announced plans for kids entertainment content.

Bob Iger

Disney Will Dismiss Large Chunk Of Entertainment Staffers Next Week: Report

Disney Will Lay Off Massive Numbers Of Entertainment Staffers Next Week: Report

Disney

Entertainment

LinkedIn implemented features that appear to let <a href="http://dailywire.com/topic/business" target="_blank" rel="noopener">recruiters</a> filter potential <a href="http://dailywire.com/topic/jobs" target="_blank" rel="noopener">job</a> candidates by their <a href="https://www.dailywire.com/topic/diversity-equity-and-inclusion-dei" target="_blank" rel="noopener">demographic</a> characteristics.
Users on the professional <a href="http://dailywire.com/topic/social-media" target="_blank" rel="noopener">social media</a> network who edit the demographic information on their profiles, such as their race, sex, gender identity, sexual orientation, and current or former military service, can let the platform use the information for “diversity in recruiting” tools, which “allow your demographic information to be used in LinkedIn recruiting features to help recruiters find a more diverse group of qualified candidates.”
The Daily Wire verified the existence of the features after screenshots posted by concerned LinkedIn users circulated on social media.
LinkedIn meanwhile updated a <a href="https://www.linkedin.com/help/linkedin/answer/a1336543?lipi=urn%3Ali%3Apage%3Ad_flagship3_profile_selfid_controls%3BPiinFPBiTA6%2F0ZFpWRzRlw%3D%3D" target="_blank" rel="noopener">webpage</a> one month ago explaining that the platform “may use your personal demographic information in recruiting features to surface qualified members that may diversify the group of candidates displayed to recruiters” who work for companies with “public commitments to diversity, equity, and inclusion.” Answers to the personal demographic questions are “never directly shared with recruiters or companies,” the webpage added, noting that users can “opt out of this use of your personal demographic information in your settings.”
Increasing the percentage of females or racial minorities in corporate workforces are goals often pursued by firms devoted to diversity, equity, and inclusion, also known as DEI, as well as the environmental, social, and corporate governance movement, commonly known as ESG. Both philosophies have rapidly grown in prominence among leading firms in recent years, even as skeptics contend that they mingle political and social causes with core business objectives in a manner that compromises or distracts from profitability.
Many companies in a variety of sectors, from media and communications to pharmaceuticals and biotechnology, publicly <a href="https://www.dailywire.com/news/businesses-pulled-back-on-diversity-equity-and-inclusion-programs-this-year-new-report-finds" target="_blank" rel="noopener">tout</a> diversity programs as they seek to hire applicants based partly on their race and sex. The Wharton School at the University of Pennsylvania, which ranks among the world’s foremost postsecondary business programs, recently <a href="https://www.dailywire.com/news/worlds-best-business-school-adds-diversity-and-woke-investing-majors" target="_blank" rel="noopener">unveiled</a> a new set of DEI concentrations for undergraduate and graduate students.
LinkedIn, which software behemoth Microsoft purchased in 2016, also leverages user demographic information for removing “unfair bias from our products,” examining data such as salary ranges and career trends for “purposes such as assessing and improving pay equality,” and providing “aggregate insights to help employers and hiring managers in their efforts to identify more diverse candidates,” according to the webpage.
“Our vision is to create economic opportunity for every member of the global workforce, and we are working hard to ensure that all members have equal access to these opportunities,” the company added. “One way to make sure people have equal access is to understand the gender, race, ethnicity, and other important demographic information of our members and then to measure whether or not all are being afforded opportunities equitably on our platform.”
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LinkedIn Talent Solutions said in an <a href="https://www.linkedin.com/pulse/improve-gender-representation-your-candidate-/" target="_blank" rel="noopener">article</a> last year that the platform created notifications when the male-to-female ratio in a given job search is unbalanced so that recruiters can “improve the gender balance” by amending skill, location, and company filters. Firms that recruit on the platform can also “highlight their values and organizational commitments” with dedicated sections of their company pages for diversity, environmental sustainability, and social impact.
LinkedIn faced backlash two years ago for a diversity training <a href="https://www.dailywire.com/news/linkedin-removes-racist-be-less-white-diversity-training-releases-statement-following-backlash" target="_blank" rel="noopener">program</a> that encouraged participants to “be less white.” The firm removed the course after employees from participating companies leaked slides from the training online.

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