Not that these companies are your friend, but it’s a reminder that not everyone is falling in line
Conservatives claim DEI hurt companies, but the financial sector is competitive and profit driven, so something doesn’t add up
And there’s the rub— when civil rights are left to corporations, they will only exist as long as they’re the most profitable option.
IMO, this is a fluke to be wary of, not really any kind of victory to celebrate. And, it’s especially a warning to the rest of us as to exactly how disingenuous their position is, while also serving as a warning as to how easily they will justify their bigotry (or worse) should market forces shift.
These companies are not our friends. They are not our allies. They simply have decided that, at least for now, they do not want to be our enemies. And only because it might hurt their bottom line.
Beware.
In finance I suspect the only thing they care about is if you make more money than the average employee in that role. The only color that matters is green.
Exactly. There was a cost/benefit analysis, and they, at least for now, decided not to piss off the LGBTQ community. But that could change as soon as something else becomes more profitable.
Their decisions are not based on any sort of ethics or morality. Purely, instead, on what is most profitable and most risk adverse.
And thus is the cornerstone, the only cornerstone, of rainbow capitalism.
The term “Fairweather friends“ cannot possibly do this situation justice.
Edit: for what it’s worth, I could never have been more proud than to know, at this time, the LGBTQ community holds enough clout to have any influence on anything, let alone this much influence. We should not waste it, nor this opportunity. The coming months and years will be critical for our survival.
Oh I don’t think they are anyone’s ally. Im talking about on an individual level within their ranks they don’t care about race they care about money and if DEI programs are actually producing more money for them they will do it.
Yeah, that’s what I said. I’m not trying to criticize or anything, just to say that, yes, I definitely agree with you.
It’s almost like biases and discrimination lead to bad decisions and putting the effort to address them lead to better decisions or something. /S
It’s almost like Trump throwing everything into the shitter isn’t good policy
If you want to look at it cynically, anyone that benefits from DEI would flock to them. It would increase their talent pool drive down new hire wages. Also anyone who supports these measures would think about bringing them business.
I very much believe that the reason the US is the most powerful country that’s ever existed on the planet, by such a wide margin, is because it’s an amalgamation of different ethnicities and cultures, pretty effectively working as one. Among other advantages, it stops you just doing things one way only, and associating only with people exactly like you, until the meta changes under you and you get whooped with no way to recover.
I don’t run a company, but if I did, I would want the same advantage even if it made things a lot less smooth.
Of course, maybe I shouldn’t be referencing “most powerful country” et cetera in the present tense. We can wait a couple years and see what happens.
Taking that cynicism one step further: JP Morgan and Goldman Sachs are both heavily pushing RTO mandates. Altering the optics of their DEI position can make them seem more welcoming to those who would benefit, thereby increasing the size of the pool of replacements for the remote workers they plan to dismiss.
Not that it’s all that much better, but I thought the executive order was for federal government positions (for now). Did I misunderstand?
The executive order is not directly related, yes. This is about conservative pressure campaigns related to companies
JPMorgan Chase leads the banking sector of our federal government
