There’s a 90% wealth gap between white & Black America. With collective action, we can shrink this so all Americans can thrive. The time is now. #NinetyToZero
👋🏽, Systemic Equality Agenda! Our partner @ACLU launched an ambitious plan to end systemic inequality, including:
✅hire Black-owned/Black-led contractors & consultants
✅invest in #BlackOwned financial institutions & businesses
✅build the next group of underrepresented leaders
Happy #BlackHistoryMonth!
This month, like every month, it’s critical we close the #racialwealthgap between white and Black Americans. We remain focused on this work to improve all aspects of Black life.
RIP to our beloved friend, bell hooks, who changed the world one word at a time.
Here’s a profound convo between bell hooks & @profjohnapowell, titled: Belonging Through Connection
#OBI#Belonging#bellhooks#blackfeminism
https://t.co/nfHTYeUW1l
#DYK @WashingtonNFL launched an #employeeresourcegroup, Black Engagement Network, to create an inclusive & uplifting culture for their African-American employees?
This aligns with #NinetyToZero Action: Establish employee resource groups with C-suite equivalent champions.
Congrats to #NinetyToZero partner @McKinsey! From 2020-2021, they achieved a record-breaking 80% increase in global Black recruiting 🎉
Establish internal goals for hiring Black talent and measure progress is one of #NinetyToZero's 7 Actions. #wealthgap
https://t.co/Hq0xgNLayB
Our lead research partner @Wharton's data shows implicit biases can *still* creep into the hiring process for companies with diversity goals — learn how your company can perform a “diversity check-up” on your hiring process ⬇️ https://t.co/iFbzBOlZvB #NinetyToZero
Happy Thanksgiving from #NinetyToZero🦃!
Today we're grateful to be in partnership with many courageous and forward-thinking companies and organizations in the march toward closing the ⚖️ #racialwealthgap ⚖️. We hope your holiday is warm and bright!
Fighting #hiringbias is possible with awareness and data.
Listen for tips on avoiding implicit bias from @Wharton Assistant Professor of Business Economics and Public Policy, @femonomics. 👉🏽🎙️https://t.co/iFbzBO4o71
When we talk about the #racialwealthgap, how is *wealth* defined?
🏘 Community context
💰 Family wealth
💸 Family income
🏦Family savings
Source: The economic impact of closing the #racialwealthgap, @McKinsey
(https://t.co/9zWsWPyCrF) #NinetytoZero
Our public policy often overlooks wealth. We tend to focus our economic policies on income alone.
That blind spot prevents us from addressing the root causes of social inequality. https://t.co/krVGhqM9VP
It can be hard for managers to remove bias from the hiring process. They may think they're evaluating each candidate fairly, but a @Wharton study shared with #NinetyToZero partners shows how easy it is for implicit bias to creep in.
🔗About NinetyToZero: https://t.co/oSSYzO424E
Hear @femonomics, Assistant Professor of Business Economics and Public Policy @Wharton, our lead research partner, on why there's still #hiringbias — even among companies that think they have addressed diversity issues. #NinetyToZero ⬇️🔊
Hear interview🔗 https://t.co/iFbzBOlZvB
This month partners received guidance from Lead Research Partner @Wharton on #NinetyToZero Action: Establish internal goals for hiring of Black talent and measure progress.
Hear @Wharton's guidance on hidden #hiringbias ⬇️. https://t.co/iFbzBOlZvB #racialwealthgap
Partners commit to 7 actions to close the #racialwealthgap:
▪️ Hire Black talent
▪️ Create employee resource groups
▪️ Promote inclusion
▪️ Help employees build assets
▪️ Support #BlackOwnedBusiness
▪️ Work with #BlackOwned banks
▪️ Support Black-owned asset management companies
❕The racial wealth gap is 90% ❕
We need collective action with ALL of the players in our economy wielding ALL of their influence and power.
Join us ➡️https://t.co/oSSYzO424E #NinetyToZero
📣 $1.5 Trillion 📣
We could grow our economy by $1.5 Trillion over 10 years by closing the #racialwealthgap.
Read more from @mckinsey here: https://t.co/Vm3coaKwJG.
#NinetyToZero