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.

Collusion and Lack of Competition Designed to Favor Employers

March 10, 2022
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The report describes the myriad ways in which employers collaborate to prevent workers from seeking better opportunities elsewhere. These tactics lead to missing out on 15-25% of possible wages a worker might otherwise hope to command, according to estimates in the report.

Cryptocurrency as Wages? NYC Mayor Eric Adams Buys In, But It’s Not That Simple.

February 28, 2022
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When New York City Mayor, Eric Adams, announced he was taking his first three paychecks in the form of Bitcoin, it might have been a publicity stunt, and one that backfired as Bitcoin prices took a nosedive, but it has highlighted a new means of employee compensation that is potentially on the horizon.

Bill to Ban Forced Arbitration in Sexual Misconduct Cases Passes the Senate

February 14, 2022
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Arbitration clauses are often buried deep in employment contracts, and many employees don’t know what they’re agreeing too or don’t fully understand what arbitration means. These clauses force employees with claims against their employer to bring them to arbitration—a private process which is often fully funded by the employer itself.

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