CBX Daily 6/18/2024

Author

Claire Moraa
June 18, 2024

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Today retirement looms but gray Americans refuse to enter the room, but let’s start with how migrants are flexing their strength in America’s job boom…

Cultural Intelligence Download

How Migrant Muscles Are Fueling America's Job Surge

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When you think of immigrants, you're probably thinking of the less fortunate, minority and underrepresented people. And its true, they often face challenges such as language barriers, discrimination, and lack of access to healthcare. However for the U.S, this is a group that is literally the cornerstone of growth and success holding their economy together. Birth rates in the U.S have significantly gone down to 2% leaving employers seeking for employees. However with the entry of migrant workers, the labor force has seen a boost and is projected to hit 5.2 million people in the next decade.

Older Americans Stand Strong Amidst A Retirement Crisis

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Amid growing economic and political uncertainties and the escalating cost of living, a new survey reveals disturbing insights into the retirement expectations and financial anxieties of older Americans. About one-quarter of U.S. adults age 50 and older who are not yet retired say they expect to never retire. Another 70% are concerned about prices rising faster than their income, an AARP survey finds. These statistics underscore the severity of an imploding system on the brink of a full-blown retirement crisis, demanding accountability.  

Workforce Automation Is Exacerbating The Racial Wealth Gap

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For generations of workers displacement has been a normal albeit unequal process, now technology is adding another layer to the mix. Workplace automation presents the larger society with a conundrum, as A.I. is set to upend companies, leaving African Americans especially vulnerable. Nearly 4.5 million African Americans in the next 10 years could lose their jobs due to automaton. Is it possible this business impediment will lead to more income inequality and is there anything that can be done about it?

AI-ighty Potential

Dubbed the "the rocket fuel of AI" by Wired, this groundbreaking innovation has sparked fervent excitement across Wall Street. And with projections soaring to a potential market cap of $17 trillion – equivalent to 9 Amazons – the magnitude of its impact cannot be overstated.

And thanks to The Motley Fool, the full narrative of this extraordinary tech trend has been compiled into an exclusive report, designed to arm you with the insights needed to make informed investment decisions.

Boardroom Battle: Warren Buffet's Berkshire Hathaway Shareholders Aim To Nix Diversity

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Despite the flurry of corporate promises in 2020, particularly in the wake of George Floyd’s murder, professionals in the DEI space expressed concerns about the authenticity of these commitments. Yet, Berkshire Hathaway’s board’s recent rejection of six proposals addressing climate change, diversity, and inclusion further highlights the disconnect between corporate rhetoric and action. Further, the alarming drop in backing for racial equity/civil rights audits from 46% in 2022 to 22% in 2023 signals a concerning trend and threatens any advancements on DEI initiatives.

Women & Minorities Shine On The Medical Misdiagnosis Stage

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Medical misdiagnosis has reached a ‘code red’ level that’s leaving Black bodies in its wake. New research has revealed that communities of color are nearly 20% to 30% more likely to experience a medical mistake than their White counterparts. The study found that rates of misdiagnosis range from 17.5% of strokes, 22.5% of lung cancers and 1.5% of heart attacks. Weakening of the heart muscle is especially concerning given it’s the most common cause of maternal death among Black women. This misconduct in medicine underscores the need for much-needed racially informed protocols in healthcare. 

Vibes of the Week

You can “Count On Me” is migrants’ message as they fuel the job economy. PJ Morton and Fireboy DML team up for this banger. Get into it in our CBX Vibes!