Top managers of the corporate world are coming together for an important task. The task is to hire 100,000 people from the marginalized communities in New York City.
CEOs of top rung American companies like JPMorgan Chase, Amazon, and Microsoft have joined hands for a noble cause. They want to employ more people from marginalized communities in New York City. One hundred thousand people from the needy, low income, Black, Latino and Asian populations will be given employment by 2030.
A Noble Venture
27 CEO’s joined hands with local educational institutions, NGO’s, Non-Profit organizations. The task is to groom New Yorkers for jobs and a stable future. The death of George Floyd caused widespread anger across the nation. It also forced a rethink in the corporate world to the plight of the underprivileged.
One of the positive outcomes of the unfortunate incident is already evident. It has pressured American companies to do more to provide minorities with access to opportunities.
JPMorgan Chase CEO Jamie Dimon wrote in the Wall Street Journal. “Today’s economic crisis is exacerbating economic and racial divides and exposing systemic barriers to opportunity.”
The Council co-chaired by Dimon plans to help 25,000 students at the City University of New York. The assistance is to secure entry-level jobs and apprenticeships at member companies.
Picking Them Young
Dr. Gail Mellow, who previously was the president of LaGuardia Community College, is leading the initiative. 75% of that student body is Black and Latinx as per Mellow. The group also plans to work closely with the City University of New York system and other public education and community organizations.
Speaking to ABC News, Mellow said that it is a 10-year commitment. The CEO‘s are more concerned with the numbers. Most importantly, a diverse and inclusive workforce is essential for their businesses.
The COVID-19 has widened the wealth gap between the affluent and the less fortunate. Income inequality in the US is more drastic between different communities. The move is really welcome and goes a long way in soothing sentiments among the poor. And also the racially underprivileged communities.
