CBX Daily 2/20/2024

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CultureBanx Team
February 20, 2024

Today we may need to call out the pay gap injustices Black influencers face before they fall out of the spotlight, but let’s start with how HBCUs are fueling Black excellence with a hefty payout…

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2024 Payoff: How HBCUs Are Empowering Black Graduates Financially

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Historically Black Colleges and Universities (HBCUs) are more than educational institutions; they're catalysts for empowerment, shaping futures that gleam with promise. HBCUs with the highest payoff in 2024 are leading the charge, with Hampton University, Spelman College and Xavier University of Louisiana. Embracing an HBCU education in 2024 means embracing an opportunity to amplify Black graduates careers and income prospects.

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. 

Vibes of the Week

It’s a "Wild Ride“ for HBCU graduates but nonetheless exciting. Xenia Manasseh’s harmonies echo the same message in our CBX Vibes!