2022 Black Well-being Final w links for Web 11.29.22 - Flipbook - Page 37
BLACK WELL-BEING REPORT 2022
BLACK FUTURE CO-OP FUND
Racism in the workplace and promotions
Employment practices, like looking for “cultural fit,” continue to
employers are actively reviewing and transparently reporting on pay
produce racist outcomes. In 2021, Equality in Tech found 57% of
and promotion by race and gender — two long entrenched gaps that
Black technologists reported experiences of racial discrimination, up
greatly impact economic mobility for Black people.
from 55% in 2020. This contributes to another trend: 39% of Black
tech workers are considering switching employers. The top reasons
In jobs that pay more than $100,000 per year, Black women
given are more responsibility/greater professional development and
represent just 2.7%.94 In addition, we are frequently put in positions
better working conditions.93
that demand our assimilation.95 Silenced by the perceived threat
of being fired, not promoted, or retaliated against, many of us are
Hiring more Black employees is one thing, making sure the
reluctant to rock the boat and experience increased anxiety and
company’s culture is intentional about including Black people in how
depression as a result.96
they promote and grow talent within the organization is another. Few
Owning a home or residential property
Housing equity makes up nearly 60% of total net worth for Black homeowners.97 In 2020, the percentage of Black homeowners statewide
was 34%, still lower than the statewide average of 63.3% and the national average of Black homeownership of 43.4%.98 For reference, in
Seattle in the 1930s, that number was 39% for Black people99 and in 2019 was 25.8%..100
Homeowership Rates by Race from 1900-2020
80
70
60
50
40
30
20
10
0
1900
1930
1985
All
White
2020
Black
** Source: 1900-1990 Data provided by U.S. Census Decennial Survey. More dertials 1995-2010 and Q12015 data was provided by the Census Bureau’s Housing
Vacancies and Homeownership Survey. 2020 and future projections provided by Joint Center for Housing Studies at Harvard. Calculations conducted by Richardson, J.
and Mitchell, B. of NCRC Research team.
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