It's Tune-in Tuesdays!

October 22, 2024

Today, inflation is shrinking spending nationwide, but let’s start with how racial inequality is deepening the economic divide…

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Racial Inequity Adding $51 Trillion Drag On The Economy

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Economists have taken on the task of quantifying the cost of racial inequity on the U.S. economy over the past 30 years, through a report published by the Brookings Institute along with Federal Reserve Bank of San Francisco President Mary Daly. Using white men as the basis of parity, they estimate the U.S. GDP could have gained $51 trillion ($23 trillion from labor alone) since 1990 if racial gaps were closed. In 2019, over the period of just one year, the potential gains from equity total $2.6 trillion. This is just another addition to a growing portfolio of literature that quantifies the tremendous cost of discrimination in this country.

"It's Not You, It's Me," Said Inflation To My Paycheck

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Contrary to what our grandparents might believe, fewer stops to the local coffee shop and the elimination of our avocado toast habit, won’t have the impact on our overall net worth that they might have expected. That’s because post-pandemic, Americans are still struggling to see their wages keep up with inflation. In fact, since January of 2021, prices have increased by roughly 20%, while wages have only grown by 17.4%, a non-trivial difference when we think about spending power.

Economic Workplace Disparities Weighing Down Black Women

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Who runs the world? Girls! While this is not exactly a secret, what’s happening behind-the-scenes shows that not all the girls are having fun. Black women are still not receiving their fair dues in compensation for running the world or the economy. Unfortunately, 71% of Black women say they live paycheck to paycheck, compared to 63% of the U.S. population. They also disproportionately fewer have health insurance coverage through an employer, retirement savings plans and paid sick leave. This is not a sustainable way of life for Black women in the workforce, especially since capitalism appears to profit from their pain.

Tune-in Tuesdays!

X's shift in how users can block people for more engagement raises important questions about privacy and user autonomy. While the intention may be to foster interaction and connection, it risks undermining users' control over their online experiences? What are your thoughts on this?

A. "Privacy" by Chris Brown - The loss of personal space and autonomy is becoming eroded and it is coming at a significant cost.
B. “More Chaos" by Ken Carson - There are feelings of instability and confusion and how control is slipping away as we try to connect in the digital age.
C. "Numb" by Linkin Park - Like many platforms, the changes are so overwhelming that we’re slowly getting used to losing control over our identity.

What are your thoughts on this? Tune in next Tuesday to see which jam captures the prevailing sentiment!

A  |  B  |  C

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Last week’s results are in and it looks like its ‘Exponential Potential. ’ Protests are the way to grow and bring change.

PepsiCo Bets Big With Siete Chips In $1.2 Billion Acquisition

CBX Vibe:

PepsiCo is tapping into the purchase power of multicultural communities by snapping up Mexican-American Food Brand Siete Foods for a nifty $1.2 billion. Founded a decade ago, Siete’s specialty in producing nontraditional versions of traditional Mexican food with authentic-to-culture ingredients quickly took North America by storm. Having gained additional investment from South Texas-born actress Eva Longoria, the company is being added to PepsiCo’s portfolio to prop-up its “better-for-you” offerings. 

Health Care Is The New Luxury For Half Of America

CBX Vibe:

The rising cost of health care in the U.S. is becoming a critical issue as it now renders health care unaffordable for at least 47% of Americans. Access to affordable health care is essential for individuals to maintain their well-being and address medical needs. However, this is not the case. For every four people, one is unable to cater for their medical costs. Worse still, the demographic that is more vulnerable and at a higher risk of chronic conditions are those aged 50 and above and whose affordability index has dropped eight points.

Vibes of the Week

Racial inequity puts "Money In The Grave" as told by Drake and Rick Ross in our CBX Vibes!