Systemic Racism in Hiring CORRECTED
Last week I posted a picture coming frrm a Bloomberg report. Given the reputation and credibility of Bloomberg I didn't examine their data of method. Now it is clear their report is misleading.
I believe they reported only on the net change in total headcount, NOT the hiring numbers. Their error I believe was ignoring all of the new hiring that replaced employees that left the companies. This later data is not a part of the EEOC reporting so you have to make assumptions. If you assume that 18% of employees are replaced every year you get a different picture, 35% of total hires were non-white.
![](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5fd424b6-b09b-44b8-879a-7b9323cd4b4a_640x319.png)
https://x.com/moxlosllc/status/1710674098345439559?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A