New Report Highlights Sharp Income and Employment Disparities for Black New Yorkers

[Retired Account]

The banking part could be understood with one acronym (C.U.N.Y). The overwhelming amount of black college graduates attend CUNY for their degrees, yet the banking industry literally gives all of the great jobs (Investment banking, Wealth management, Sales& trading) to one CUNY school and that’s Baruch college (which has the lowest black population).

You can make the same argument for the big 4 consulting and accounting firms. It’s always Baruch college and fukk everybody else.

So so wrong.

queens college, hunter, & baruch all have similar black percentages. accounting firms and banks only in regards to back office roles look for baruch students. Getting in front office from baruch is possible but very rare. They tend to be more prestige focus and cuny doesnt have that. To land those roles from Baruch you have to network but that is limited to clubs and programs with high requirements. When you look at class sizes, nyu sends a way bigger percentage of people into front office roles.

 

[Will Ross]

Not really shocking when black ownership is low and the degree are not equal

 

[HarlemHottie]

Getting in the door and getting ahead in a lot of those industries are not based on merit I'm sure.

Nope! The best jobs aren't even posted.

 

[ogc163]

Nope! The best jobs aren't even posted.

Correct. Many Black college-educated NY'ers don't have high-impact networks and presume grit and talent will overcome their network gap. That is just misguided and often leads to stagnation and underemployment.



"Two people with equal talent should have equal access to opportunity. But some people don’t have the right connections or community to help them land the job they want.” The Network Gap is both a symptom and an amplifier of inequality.

In the United States, we hold on tight to the idea that meritocracy is real: that is, that advancement is based solely on performance and merit.

However, according to robust data collected by LinkedIn, the locations we grow up in, the schools we go to, and the places we work can give us a 12x advantage in gaining access to professional opportunities. "


The Network Gap Worsens Amidst Covid-19, And What You Can Do About It

 

[SheWantTheD]

Okay we all know this.

It doesn't mean shyt to wypipol.

We need shyt that can't be debated like people with the EXACT same credentials or same positions getting paid less than their white counterparts.

 

[SheWantTheD]

Correct. Many Black college-educated NY'ers don't have high-impact networks and presume grit and talent will overcome their network gap. That is just misguided and often leads to stagnation and underemployment.



"Two people with equal talent should have equal access to opportunity. But some people don’t have the right connections or community to help them land the job they want.” The Network Gap is both a symptom and an amplifier of inequality.

In the United States, we hold on tight to the idea that meritocracy is real: that is, that advancement is based solely on performance and merit.

However, according to robust data collected by LinkedIn, the locations we grow up in, the schools we go to, and the places we work can give us a 12x advantage in gaining access to professional opportunities. "


The Network Gap Worsens Amidst Covid-19, And What You Can Do About It

Can't be true, wypipol told me black people were lazy, kill each other, all they do is aspire to be rappers.. and that's why black people are where they are at

 

[ogc163]

This undermines alot of the income based pro NYC arguments cats be making. Couple that with COL increasing and it shows that alot of jokers need to just bounce. If you are single or in a DINK situation NYC is great, but if you aspire to a traditionalist american dream lifestyle it's not worth sticking around.

I just finished Charles Blow's latest book and considering that general non race specific statistics are often used as a basis for staying in the northern cities, I think its appropriate to up this thread.

 

[ogc163]

https://www.audacy.com/wcbs880/news/local/state-of-black-new-york-income-inequality-and-race

 

[ogc163]

https://www.nyul.org/sobny

Urban League's State of Black New York” Report