{"id":2050607,"date":"2023-09-30T09:33:02","date_gmt":"2023-09-30T13:33:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bloomberg-flubs-data-for-bombshell-report-that-only-6-of-new-corporate-hires-are-white\/"},"modified":"2023-09-30T09:34:54","modified_gmt":"2023-09-30T13:34:54","slug":"bloomberg-flubs-data-for-bombshell-report-that-only-6-of-new-corporate-hires-are-white","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bloomberg-flubs-data-for-bombshell-report-that-only-6-of-new-corporate-hires-are-white\/","title":{"rendered":"Bloomberg&#8217;s report on low white corporate hires is flawed."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbloomberg-flubs-data-for-bombshell-report-that-only-6-of-new-corporate-hires-are-white%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2050607&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Engaging Paraphrase:<\/h2>\n<p><span style=\"font-weight: 400\">Prepare \u2064to be amazed by\u2063 a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/12-of-the-population-eats-50-of-u-s-beef-study\/\" title=\"12% of Americans consume 50% of U.S. beef, reveals study.\">mind-blowing statistic<\/a> that\u2064 recently\u2064 took the internet by \u200cstorm: a whopping 94% of jobs created in 2021\u2063 were supposedly given to \u200cracial minorities. Sounds \u2063incredible, right? Well, that&#8217;s because it&#8217;s completely false.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to\u200d Bloomberg, a renowned news outlet, corporations made good on\u2064 their promise to diversify their workforce following the Black \u2063Lives Matter protests. They reported that out of the 323,094 new employees added by companies in the S&#038;P 100, \u2062only 20,524 were white. If this were true, it would undoubtedly spark \u200da wave of racial discrimination lawsuits. After all, with racial minorities comprising around\u2062 40% of the population, it would be impossible for them to secure 94% of new jobs without some form of discrimination.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, a\u2062 closer look at the numbers reveals a different story. A Daily Wire analysis \u200cof the same data used by Bloomberg found that the demographics of hiring in 2021\u200c were not\u2063 significantly different from previous years. The percentage of new jobs filled by whites was estimated to be around 46%, which is 8 points lower than the 54% white makeup \u200dof companies&#8217;\u200b existing workforces. This is to\u200d be expected considering the \u200dchanging demographics of the United States since the \u200c<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/prager-given-how-flawed-human-nature-is-america-has-been-a-remarkable-moral-achievement\/\" title=\"PRAGER: Given How Flawed Human Nature Is, America Has Been A Remarkable Moral Achievement\">baby boomer generation<\/a> first entered the workforce.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Contrary to Bloomberg&#8217;s narrative of a victory for \u2063Black Lives Matter, the analysis shows \u200bthat blacks actually benefited the least from the decline in white\u200d hires. Their percentage of\u200b new hires only increased by 1%, while Asians saw a \u200b2% increase and Hispanics a\u200b 4% increase. This can be explained by the changing demographics of the \u2064country \u2063over\u2064 the years, with the Hispanic and Asian populations growing significantly.<\/span><\/p>\n<h3>Where Bloomberg\u200c Went \u2064Wrong<\/h3>\n<p><span style=\"font-weight: 400\">Bloomberg&#8217;s flawed analysis can be\u2063 attributed to their methodology. They based their conclusions \u200con the\u200c racial breakdown of companies&#8217; total\u2062 employees, without considering the turnover and replacements that \u200coccur within the workforce. By focusing \u2062solely on the increase in \u200bminorities across the entire workforce and dividing it by the number \u2064of new positions, they failed to\u2064 account for the fact that most new hires are actually replacements for people\u2063 leaving the company.\u2062 In other words, they got the denominator wrong.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The \u200bstudy also failed to \u200dtake into account the demographic\u200b changes resulting from retirements and\u2063 turnover. As older\u200c generations, who are predominantly \u2064white, retire, younger non-white workers take their place, skewing the numbers and creating the appearance of a commitment to\u200b equity. This is a result of \u200bnatural generational turnover \u2064in the\u2063 workforce, not a deliberate effort \u2064to discriminate or promote diversity.<\/span><\/p>\n<p><span style=\"font-weight: 400\">It&#8217;s important to approach such statistics with \u2064a critical eye\u200d and consider the underlying factors that contribute to the numbers. In this case, Bloomberg&#8217;s analysis fell short\u2064 by overlooking crucial aspects of workforce dynamics and demographics.<\/span><\/p>\n<p><span style=\"font-weight: 400\">So, \u200dthe next time you \u2063come across a sensational statistic, remember to dig deeper\u2064 and question the methodology behind it. Numbers can \u200dbe misleading,\u200b and \u2063it&#8217;s essential to look beyond the surface to\u2063 uncover the truth.<\/span><\/p>\n<p> <\/p>\n<h2> How does the percentage of new jobs \u2064filled\u2062 by \u2064white individuals compare to their representation in existing\u200c workforces?<\/h2>\n<p><span>  Hat there is no evidence\u200b of a significant shift in hiring \u200cpractices towards\u2063 racial minorities.\u2064 The claim of 94%\u2062 of jobs going to racial minorities is not \u2064supported by \u2062the data. In\u2062 fact, \u200dthe percentage of new jobs filled by whites\u200d is \u200cstill relatively high,\u2062 considering their majority representation in companies&#8217; existing\u200b workforces.<\/span><\/p>\n<p><span style=\"font-weight: 400\">It is important to critically analyze and fact-check sensational statistics before accepting them as\u200c truth. \u200bMisinformation can spread rapidly, especially in the age of social media, and \u200bcan have significant consequences. In this case, the false claim of 94% of jobs \u2064going to racial minorities could perpetuate a narrative of reverse discrimination \u200band fuel \u2064tensions among different racial groups.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, \u200dit is\u200c crucial to \u2064recognize the\u200d historical and systemic barriers that \u200cracial minorities face in\u2064 accessing employment opportunities. While efforts \u200cto diversify the workforce are important and necessary,\u2062 it\u200c is equally\u2062 important to\u2064 address and dismantle the underlying\u2062 structural inequalities that contribute to \u2063racial disparities in employment.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In conclusion, the notion that\u2063 94% of jobs created in \u20632021 were \u2064given to racial minorities is unfounded. The data and analysis show\u200c no significant deviation from <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bloomberg-flubs-data-for-bombshell-report-that-only-6-of-new-corporate-hires-are-white\/\" title=\"Bloomberg's report on low white corporate hires is flawed.\">previous years&#8217; hiring trends<\/a>. It is essential to approach \u200dsuch \u2064statistics with skepticism\u2064 and verify \u200bthe accuracy\u2063 of information before drawing\u2062 conclusions or perpetuating false narratives. True progress towards\u2063 equality and \u200bdiversity in the workforce requires a nuanced understanding of the challenges faced by\u2063 different racial groups and a commitment\u2063 to addressing \u2063systemic \u200binequalities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>the promise of diversity and inclusion. However, this claim has been debunked. Bloomberg&#8217;s report, authored by five reporters and four editors, falsely states that 94% of jobs in 2021 were given to racial minorities. This misinformation spread rapidly online, highlighting the need for fact-checking and critical thinking in the digital age.<\/p>\n","protected":false},"author":128,"featured_media":2050608,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-2050607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2050607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/128"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2050607"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2050607\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2050608"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2050607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2050607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2050607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}