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04:13It's so wonderful to be here. Lauren, how are you?
04:16I feel good. The energy in here is so incredible.
04:19Yeah, it's just wonderful to be here.
04:22So what we're going to talk to you today is about some inequity data.
04:27So let's get into it.
04:32Just a note, I'm trying to get up the presentation, but it's not coming up.
04:43Oh, you look so cute.
04:46Yeah, we look fabulous.
04:48You do too. Good morning again.
04:51I'm excited to be up here talking with you because our organizations do so much good work together.
04:56And I think this is going to be not only an insightful conversation, but also an inspiring one.
05:01Because we can talk every day about how important it is to think about data and how it informs our decisions.
05:08We also should think about what are the systemic issues that are at play and how can people basically get involved.
05:14That's right. Yeah.
05:15And we did want to start this presentation with a quote by Ida B. Wells that we talked about,
05:22which is the way to right wrongs is to turn the light of truth upon them.
05:26And that's really what we're trying to do with the data today is to turn some light on what's happening
05:32and what are these inequities that persist in work and wealth and health.
05:38Great. So the first thing that you need to know in the data is that the Harris Bowl has been pulsing
05:48the American public for the last 176 weeks through the pandemic, to the banking crisis, to where we're at today.
05:57And the thing that you need to know about the data is that we are not in a pandemic crisis anymore.
06:04We're actually in the state of a permacrisis.
06:06And, Lauren, if you don't know what a permacrisis is, what does that mean?
06:09It is defined by the Collins Dictionary as a state of consistent and ongoing instability created by a series of catastrophic events.
06:18What you need to know about that is that it is amplified for BIPOC Americans.
06:25So when you look at this data, the blue and the peach lines, they show that COVID variants,
06:31BIPOC Americans are much more worried about that than white Americans at 58%.
06:36This is also our recent data from the weekend, and you see 61% of BIPOC Americans also worried about a job loss versus only 45% of white Americans.
06:48So you have to start questioning why do those things exist in those ways.
06:52And what you see is the fundamental question you have to start with is systemic racism.
06:58And actually what you see is 6 in 10 U.S. adults do believe that there's systemic racism, but where the variance lies is on the color of your skin.
07:07So 84% of black Americans believe that there's systemic racism, but only 58% of white Americans believe that.
07:15There's a 26% difference there.
07:18We also see generationally people are much more likely younger generations, people under 40 to believe that there's systemic racism versus older generations.
07:27Boomers, for example, at 54%.
07:29So there's a acknowledgement point of view, but then there's also an outcome and accountability point of view, which is very important in this data.
07:3784% of black Americans agree that systemic racism is the cause of disparities, but only 65% of white Americans actually agree with that.
07:47And then the other thing you need to think about is 61% of black Americans strongly agree that there should be something done about the disparities that systematic racism cause.
08:00But only 37% of white Americans believe that.
08:03So there is a compliancy issue happening with society around that.
08:07Just quickly to get into the state of work inequities, and then Lauren's going to also talk to us about what signals and signs do we see changing.
08:17The first thing that you need to know is that things have not changed, unfortunately.
08:22In the research that we do with Hue State of Inequity, we see 79% of HR directors thinking that their industry is doing a good job and creating change and implementing these diversity initiatives.
08:35But 84% of employees say they've made no meaningful progress in creating a more equitable workforce for people of color.
08:43You also see the other big number here is 84% of all employees report that their company has not done anything meaningful in the mental or emotional health since June of 2020, meaning that there were conversations that were had post George Floyd, but those quickly have gone away.
09:00And you see the impact of that in the research around there is discrimination, wage gaps and burnouts that is just rife and throughout the workplace.
09:11One in three black and Asian Americans are experiencing discrimination in the workplace.
09:16Three in four black women say wage gaps are a problem in the U.S. workforce.
09:21That's because black women are still getting paid 67 cents on the dollar to white men.
09:27And this confines, this compounds into a series of burnout, right?
09:33So six in 10 black women feel burnt out from their workplace.
09:37That's higher than all other populations that we track and look at.
09:40There's also another interesting number here where 38% of black men feel even if they have discrimination in the workplace that they're not allowed to talk about it and they don't come out about it.
09:52That's kind of the hard notes there.
09:56We do have to talk about AI.
09:58You can't talk about the future of work without AI.
10:00And what you do notice, and it's interesting, is BIPOC Americans are more likely to be testing it out than white Americans.
10:06So those who are familiar with ChatGPT, you see the numbers rise in their likelihood to test it out.
10:14So 69% of BIPOC Americans are testing it out.
10:17That's 11% more than white Americans.
10:19They believe it's going to be more effective for their work communications.
10:22They also believe that it's going to likely improve the world at 67% versus harm the world.
10:28They're 10% more optimistic than white Americans there.
10:31Interesting in this data is that 74% of white Americans lead in the fact that they think AI should be monitored because that it could create more systematic inequalities.
10:43And reflect racial bias.
10:46So whereas only 50% of Americans believe that there's systemic racism, they're saying with this tool they are concerned about it.
10:57So there's some interesting disparities there.
11:00And then what's the future of hope?
11:02People want to see policy, transparency, and intentional investment.
11:06They want to see companies have equity policies.
11:09They want more education in the workplace.
11:11And then this blue line is black Americans who want to see impact happen in the workplace, clear compensation structures, investment in minority talent, recruitment in talent.
11:23And white majorities of employees also agree with that.
11:26But I wanted to pause here and give Lauren a chance to talk about what are we seeing?
11:30Yes.
11:31What should we be thinking about?
11:32Yeah.
11:33I mean, I think it's so important to note some of the disparities because I think when someone is responding to a survey versus what they do in their workplace can sometimes be very different.
11:40And I think when we think about solutions and what we're seeing that is working, it is when organizations or brands or companies are focused on things like nuance and things like intersectionality and historical context.
11:52And I think it's so important where we're talking a lot right now about this compounding unearned privilege, this concept of, you know, you get access to so much stuff just because of the color of your skin or you don't get access to so many things because of the color of your skin.
12:05And so these institutions have this obligation to figure out that nuance.
12:09And it's hard.
12:10It is hard because there's so much complexity.
12:12And when we think about how people can thrive in the workplace, when we think about how people can thrive in these spaces that they're spending most of their time in,
12:19we have to think about the fact that equity means righting the wrongs of the past.
12:23Yeah.
12:24And what that looks like.
12:25I mean, we're seeing this play out literally as we speak with the Supreme Court decision on affirmative action.
12:29We're seeing how historical context, you know, at best is being left out of some of these conversations.
12:34And at worst, we're repeating some of the same cycles.
12:37So this idea of making sure that we're understanding the complexities of people's identities and humanity is so important.
12:43The other thing is, you know, speaking of politics, you know, industries are not going to be able to shy away from conversation.
12:49We have conversations around things that are increasingly politicized.
12:52I mean, things like access to water or the fact that people should just be able to exist in their full humanity are up for debate, which is incredibly disheartening.
13:00We're still talking in terms of binary terms of man, woman, black, white, red or blue.
13:05And it's so much more dynamic than that.
13:07And so brands, organizations, we do a lot of work with brands that have to cut through that noise, have a stance that aligns with their values and is one that's defensible, you know, and sustainable.
13:17And then lastly, I absolutely, you know, I use this slide to call out a couple of my friends that are doing incredible work.
13:22You had mentioned in some of the data, people are expecting these investments to still happen.
13:27We're seeing left and right where, you know, diversity dollars are drying up, CSR dollars are drying up, and that absolutely cannot happen.
13:34We have to keep investing in the learning.
13:37People have to keep understanding how to remove that bias from their workplace or get out of the way, frankly.
13:42Especially for Gen Z and millennials, the future workers who are all saying they acknowledge systemic racism exists.
13:49So there cannot be one without the other.
13:50Exactly.
13:51A hundred percent.
13:52Great.
13:53So we'll get on to our next one, the state of wealth equities.
13:57The first thing to know here is that for all Americans, it's been tougher and more challenging and more pressures financially now in the inflationary time that we are in than during the pandemic.
14:10But it's especially hard for BIPOC and black Americans.
14:13And this green line that you see here is those who have sought additional income.
14:18We see nearly half of BIPOC Americans have done that versus just 37 percent of white Americans.
14:23But also this pink line is those who are feeling vulnerable right now who feel like they're going to miss a bill payment or have missed a bill payment.
14:30That's 37 percent of black Americans versus just 21 percent of white Americans.
14:36And that's a that's a big 16 percent swing.
14:39And then we also see those who support a financial family member, which is something that is absolutely selfless, but also challenging and more burdensome that BIPOC and black Americans are doing that at substantial levels more than white Americans.
14:56But that's kind of the short term.
14:57The long term is there is a desire to build generational wealth right in the black and Hispanic community.
15:0483 percent are thinking long term about building generational wealth for their families.
15:0983 percent want to do it differently than their parents.
15:12But having, you know, they're facing financial advisors who don't relate to them, who don't understand them.
15:20And 62 percent say they cannot find a financial advisor that is relatable and can kind of give them that game plan to navigate the future.
15:28So with that, you see a big rise in BIPOC Americans, especially looking into alternative investments like cryptocurrency.
15:38And part of this is because the traditional banking system has treated them unfairly historically and for years, but continuously to this day.
15:46So this is recent data from this weekend that 44 percent of BIPOC Americans are are still unfairly treated by the banking institutions and loan institutions.
15:57And that's why you see even despite a challenging cryptocurrency market, they're much more likely to be invested in cryptocurrency black, Hispanic and LGBTQ.
16:07And they feel like they're more fairly treated and it's more of a legitimate form of payment than the white Americans perception of cryptocurrency.
16:16The second to last point here is it's important because black and Hispanic people give back to their community and time and resources.
16:25But important, the number here is 76, 76 percent of black and Hispanic Americans go out of their way to support black owned and minority owned businesses.
16:36Only 44 percent of white Americans do that.
16:39So there's a difference in aligning values and wallets here and what is allyship and accountability if you're not going out of your way to support black and Hispanic businesses.
16:50The future hope here is both black and white Americans are looking to businesses.
16:56This is a distinct change from November of 2022.
16:59And we looked at this information.
17:01You see a rise and desire for businesses to step up and create positive impact in communities.
17:08But where the positive impact is coming from is if you look at the data on the right, corporations are all the way at the bottom.
17:16On the top is small businesses, NGOs, health entities, education entities.
17:22So I would like to pause there and give Lauren a chance to talk about that.
17:26And why do we see that and what's going on?
17:28Yes. I mean, you know, the first thing to kind of think about is the distinction between what's going on systemically
17:33and then what can we do within our families, within our homes, within our communities and neighborhoods.
17:37I think you're absolutely right. At the systemic level, you know, no one sector is going to save us, first and foremost.
17:43I just want to make that very clear.
17:44I think there's a lot of effort in the nonprofit sector to solve all of our problems.
17:48And the private sector sometimes gets off scot-free.
17:51And, frankly, I think we should be thinking about how do we hold these sectors accountable for kind of commiserately to the harm that they have caused historically,
17:59so financial institutions, insurance institutions, that literally built their wealth on the backs of black people through slavery.
18:05Like, we have to be really honest about that.
18:07And so I'm always, I used to work in fintech and so I'm very critical of the financial services.
18:13Sorry for anyone in the audience who works in banking.
18:15But we have to think about, like, where is, what's going on at the systemic level.
18:19On the interpersonal kind of community level, I mean, I'm so impressed what's going on in where people are putting their investments.
18:26People are investing in Main Street in the same ways that we were seeing the investments in Silicon Valley years prior.
18:32We're seeing organizations like Lacey that are L.A. clean tech incubator that is, like, hyper-focused on climate.
18:38We see Slauson & Company, a hyper-localized, amazing group of investors that are really building the companies of tomorrow.
18:44We're seeing LGBT VC that are hyper-focusing on investing dollars in the communities that have never been, who have, you know, woefully been undercapitalized.
18:53And Black VC, which are people trying to think about how to bring more black folks into venture capital.
18:58And so when we think about, you know, capital deployment and what that means for business, it's so important.
19:03It's just as important as going into the store and paying for a product or service with your dollars.
19:07And then lastly, again, I love shouting out all my friends.
19:12You know, when it comes to kind of wealth building, I mean, that's something me and my fiancé think about constantly is, like, how are we building wealth for the next generation?
19:20We are, you know, it happens on the family level.
19:24I love this idea of, like, building an army of financial advisors, black and brown financial advisors,
19:29that are deeply steeped in the cultural relevancy of things like supporting family members and reaching back
19:35and what it means to be a part of the sandwich generation where you're taking care of your aging parents
19:39while also raising your young kids at the same time and making your paycheck stretch as far as you can.
19:44But I also think that in addition to the systemic barriers, I think there's a ton of tools at our disposal that I'm really excited about.
19:51So thinking about from short and medium and long term, you know, how can we build wealth from things like insurance policies,
19:57maxing out our 401Ks, understanding the tax code? My fiancé works with the IRS. I know, he's amazing, I promise.
20:03But really thinking about how do we actually leverage the tax code in our favor?
20:07You know, planning for exits and liquidity events at the startups that we're working with and the tax implications of all of that.
20:13These are all things that we do have access to right now that we should be thinking about in terms of our wealth building.
20:19And that's just a picture of my financial advisor, Randall, who is my my homie. And there's many of him like that out in the world.
20:27And there's a ton of amazing resources and organizations that are hellbent on making sure that we're thinking about wealth building.
20:34So contact Lauren for Randall's number and let's blow up Lauren Randall.
20:38Yes, yes. Shout out to Randall.
20:40The last one we have here is the state of health equities. Unfortunately, health care is a compounding tax of inequities.
20:48So it hits your wallet. It hits your just overall well-being.
20:53And what we find is that 50 percent of BIPOC Americans not only say they've received poor quality health care in the last 12 months,
21:01but they've also received discrimination from medical community by their race or ethnicity.
21:08And the other challenging part of this slide is that we see black Americans especially are losing access because of the inflationary times that we're in.
21:17To health care. You see 28 percent are unable to afford health care. That's 12 percent more than white Americans.
21:26And 22 percent are just unable to access it. They've lost access to it.
21:31And that has obviously long term implications for communities and health like lifestyles and health for years to come.
21:40We did want to highlight that black women specifically report being gas lit at the doctor's office.
21:46This is our data with the SCIM state of women report.
21:4960 percent of black women have been dismissed or misdiagnosed by a medical professional.
21:5456 percent say the doctor did not believe them when they told them what was happening.
21:59And then you get 81 percent then saying I am my only advocate and I'm sitting on my own island, which is not a place.
22:06And that is not a fair place for black women to reside when they're talking about their health care needs.
22:11Last thing here is the future of hope where BIPOC Americans much more likely than white Americans are reorientating their priorities and their sense of well-being.
22:21So they're much more likely than white Americans, for example, to look at personal joy, to take control of their life, to look at their financial wellness and literacy, to build up their communities, to do continued learning.
22:34Just all of the things that actually academics tell us that builds a resilient, healthy life, BIPOC Americans are doing.
22:41They're also more likely to be selecting boundaries on their time and participating in rest culture.
22:49Can you talk to us about this?
22:51Let's talk about the NAP ministry, y'all, okay?
22:53I just want to say how subversive and political us finding our rest is.
22:59You know, this is one of the sections that is absolutely a huge systemic problem.
23:03Doctors need to listen to us more.
23:05I can't think of one black woman in my life who hasn't been gaslit at the doctor's office in one way, shape or another, including myself.
23:12But we do.
23:13This is a wonderful place to kind of honor and respect the people who are making these incredible safe spaces in the midst of all this systemic harm and trauma.
23:21I love the NAP ministry.
23:22I'm a proud member, whatever that means.
23:24I think that means that I just take naps at 3 o'clock every day.
23:27Therapy for Black Girls is how I found my amazing black woman therapist out in L.A.
23:32My sister found her doula through the National Black Doula Association.
23:36We're really excited for that.
23:37And people are just reclaiming their space and time, and they're doing so in a way that combats, you know, this constant kind of, you know, madness that's happening at the systemic level.
23:47And then the last thing I'll also say is I'm so impressed by how folks are carving out spaces in spaces that have traditionally just been completely not accessible to us.
23:56So I just came back from the south of France last week at the Festival of Creativity, and black folks were everywhere because we demanded that there be space there.
24:03We brought at Inkwell Beach from Martha's Vineyard to Cannes.
24:06Folks like Broccoli City and Black Joy Parade, which are unapologetically celebrating our culture, celebrating our joy, and making a big deal about that.
24:15And I think that's so important.
24:16So this was a, you know, there's a ton of work that still has to happen at the systemic level.
24:21We're working with our healthcare organizations to help them understand why this is so important.
24:26But I did want to just celebrate folks who are, you know, making it happen in the midst of all of that.
24:31Absolutely.
24:32And then we have just a couple seconds left with you when I tell you what are the actions that BIPOC Americans are doing distinctly over white Americans.
24:39And that is they're teaching their children about systemic racism.
24:42They're voting for BIPOC candidates or candidates with BIPOC interests.
24:46And they're also not shopping with brands that do any disservice to them.
24:51So we didn't want to leave just on that note.
24:53We wanted to leave with one final thought of inspiration.
24:55Yes, from the illustrious Angela Davis.
24:58She says, you have to act as if it were possible to radically transform the world and you have to do it all the time.
25:04So that is our message to you.
25:06And thank you so much for having us today.
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26:34through with you i am you don't make nothing to me so go ahead and be with your friend my eyes are
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