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Alphabet-owned Verily suspended spot bonuses to fund diversity initiatives

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Re: Alphabet-owned Verily suspended spot bonuses to fund diversity initiatives

#21

Post by amznthrwaway »

buzzkillington wrote: post #7
voz_ wrote: post #5

Earlier quoted context omitted.

Very hot take. I couldn't disagree more. The ultimate aim of these diversity projects is to help members of disenfranchised communities find meaningful employment at good companies. This both strengthens the product and makes the company more attractive - implemented correctly, it can be come a powerful flywheel of benefits. Implemented incorrectly, and it can sink morale without actually empowering, supporting, or h…

How does increasing the pool of labor not decrease the price of labor? This is economics 101.

We get it: you think that you (as a mediocre white man) will make more money if you continue to exclude minorities, and as such you want that to happen.

It fucking SUCKS that HN is so full of racists and bigots that y'all just talk about this stuff, and Daniel Gackle just sits there and says he's doing a great job so long as the racists use polite language.

Re: Alphabet-owned Verily suspended spot bonuses to fund diversity initiatives

#22

Post by banads »

TehCorwiz wrote: post #16
buzzkillington wrote: post #7

Earlier quoted context omitted.

How does increasing the pool of labor not decrease the price of labor? This is economics 101.

If diversity caused lower wages then we'd see a proactive push among corporations to create inclusive cultures to invite that situation. But we don't, because it doesn't.

>we'd see a proactive push among corporations to create inclusive cultures to invite that situation. But we don't

Wait, are you saying there has not been a push among corporations to increase diversity?

>In 2003, MIT professor Thomas Kochan noted that companies were spending an estimated $8 billion a year on diversity efforts. But since Trump’s election, and with the emergence of movements like #MeToo and Black Lives Matter, the industry has exploded. A 2019 survey of 234 companies in the S&P 500 found that 63% of the diversity professionals had been appointed or promoted to their roles during the past three years. In March 2018, the job site Indeed reported that postings for diversity and inclusion professionals had risen 35% in the previous two years.

https://time.com/5696943/diversity-business/

Re: Alphabet-owned Verily suspended spot bonuses to fund diversity initiatives

#23

Post by wnevets »

ReticentVole wrote: post #2

The ultimate aim of these diversity projects is to lower labor costs - either by psychologically manipulating people into accepting lower wages, by focusing on conflict and alignment along racial lines instead of class lines, or simply to expand the available pool of workers.

The ultimate aim of universities is to lower wages by expanding the available pool of workers. Wow this fun

Re: Alphabet-owned Verily suspended spot bonuses to fund diversity initiatives

#24

Post by mav3rick »

reanimus wrote: post #8

So apparently they're spending from "spot bonuses" rather than the annual one, which is different than what the headline suggests, but still... With that much revenue, I find it hard to believe they couldn't allocate separate funds for this -- funds that (as the employees point out) would be recurring.

Can we change the title please

Re: Alphabet-owned Verily suspended spot bonuses to fund diversity initiatives

#26

Post by throwgeorge »

banads wrote: post #22
TehCorwiz wrote: post #16

Earlier quoted context omitted.

If diversity caused lower wages then we'd see a proactive push among corporations to create inclusive cultures to invite that situation. But we don't, because it doesn't.

>we'd see a proactive push among corporations to create inclusive cultures to invite that situation. But we don't Wait, are you saying there has not been a push among corporations to increase diversity? >In 2003, MIT professor Thomas Kochan noted that companies were spending an estimated $8 billion a year on diversity efforts. But since Trump’s election, and with the emergence of movements like #MeToo and Black Lives…

watch the hands not the mouth - take a gander at the demographics of microsoft/facebook/google and you'll see how much they actually support diversity initiatives

Re: Alphabet-owned Verily suspended spot bonuses to fund diversity initiatives

#27

Post by DaniloDias »

We should be really skeptical of this headline.

If it reflects reality, these executives are too stupid to remember to breath, because a diversity "investment" that robs the people you compensate is about as brave as an instagram posting.

Maybe the employees started saying Verily should spend more on diversity. Maybe this is a reaction to entitled staff demanding that the company spend money that wasn't allocated for this year on diversity initiatives. This story, as written makes no sense.

Re: Alphabet-owned Verily suspended spot bonuses to fund diversity initiatives

#30

Post by m0zg »

yahyaheee wrote: post #20

Couldn’t the employees decide what they wanted to do with their money?

Silence is consent. And not a single person at Verily would be foolish enough to voice their disagreement on this issue. I hope yearly bonuses are next. Putting your money where you mouth is, as it were. The hypocrisy of Google with its 4% black workforce seems pretty staggering to me.
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