CBX Daily 2/16/2024

Author

Sabrina Lynch
February 16, 2024

Today A.I might be narrowing the gap for Black workers’ dime, but let’s start with how the pay inequalities in the influencer world is dimming Black creators’ shine…

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Why Are Black Influencers Paid 35% Less Than Their Counterparts?

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The pay gap between white influencers and BIPOC alone is an unmerited 29%, and there is no reason for this discrepancy beyond tokenism that suited the corporate agenda in 2020. Black creators know their gravitas, and yet are continually having their value undermined, leading to them to cancel the same social media platforms who are dependent on their content to fuel growth with the influencer marketing sector is expected to be worth $24 billion by the end of 2024.

AI's $43 Billion Role In Bridging Or Widening Black Workers' Fate

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In the evolving landscape of artificial intelligence, the looming specter of generative AI casts a shadow over the economic prospects of Black communities. As we hurtle towards a future where technology dictates the employment terrain, the ramifications for Black workers, particularly those without degrees, are profound and potentially devastating. Presently, the median Black family's wealth stagnates at $44,900, a fraction of the $285,000 held by their White counterparts.

Are Crypto Investments The New Swipe And Swindle Scheme?

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In our increasingly digital world, the search for love has shifted to online platforms and dating apps. However, this shift has also brought about a rise in crypto romance scams, leaving many individuals not only with a broken heart but also an empty bank account. Boomers are the most affected as the love swindlers go after their pension.

How Remote Work Is Enhancing Diversity Recruiting

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In the contemporary business world, diversity and inclusion have become more than just buzzwords. They are essential elements that contribute to the growth and success of an organization, as a recent Harvard study found that 6 of 10 jobs at large firms can be done remotely. With the advent of remote work, companies have a unique opportunity to enhance their diversity recruitment strategies. 

Middle-Class & Lower-Income Americans Steal The Show In Pandemic Wealth Surge

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The global pandemic has had a significant impact on the economic fabric of the world. However, an unexpected trend has emerged, where the wealth of middle-class and lower-income Americans grew at a faster rate than that of high earners during the early phases of the pandemic. This positive trend has not been universally shared, with Black and Hispanic families getting the shorter end of the stick. The wealth of White households exceeded 13 times more that of Black households in 2019.

Vibes of the Week

"Dreaming“ of equity. T-Pain's rhyme unfolds the untold digital mess that Black influencers are going through in our CBX Vibes!