October 3, 2022

New McKinsey Report Highlights Diverse Challenges Facing Asian American Workers

                   

The consulting company McKinsey has released a new report highlighting both the challenges and achievements of Asian Americans in the workforce. 

For one, McKinsey’s report helps to dispel the misconception of the Asian American monolith, a single group with the same challenges, goals, and identities. Instead, the report breaks down the diversity of the Asian American workforce, showing that there is much difference, including language, culture, and workforce participation, among others. For example, Asian Americans are overrepresented in both low- and high-skilled jobs and industries, such as apparel manufacturing and tech, leading to a massive income disparity, which is oftentimes obscured.

Another important finding was that while Asian Americans as a block are seen as a “model minority” in the US, they remain underrepresented in leadership roles. Instead they are stereotyped as “doers,” that is good employees in a team but not necessarily a leader of a team.

Because of the myriad stereotypes Asian Americans face, they’re workplace challenges are often obscured by these misconceptions. However, there are things that can be done, according to the McKinsey report, including continuing to collect qualitative and quantitative data on the workplace experiences of Asian Americans and supporting inclusion, especially at the leadership levels.

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Women Leaders Weigh in on the Pandemic and Beyond

November 23, 2020
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As part of the Women’s Forum for the Economy and Society, New York Times reporters and editors sought the perspectives of some of the leading executives in the business and finance world about the role women have and can continue to play in the post-pandemic work world.

As President, Joe Biden Can Protect Workers

November 19, 2020
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In a new blog post at the Institute for New Economic Thinking, professors David Michaels and Gregory Wagner lay out an 11-point overview of a longer policy paper that they believe president-elect Joe Biden can enact on day one in office to protect workers

Historic Victory for Paid Family Leave in Colorado

November 12, 2020
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While much of the post-election attention has been focused on the presidential race, there has been little said about what looks to be a historic victory for working Coloradans, who have chosen to join eight other states, including New York, and Washington D.C. in providing paid family leave for new parents as well as those dealing with a family emergency. This is the first paid family leave law to be won through a ballot initiative, rather than implemented by elected officials.

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