Mr Core ·
Good People, special love to JP Morgan and Goldman Sachs for standing firm on why they would continue their DEI (diversity, equity and inclusion) initiatives against the avalanche of softies who are reversing course on something which makes society better: “The heads of both JPMorgan and Goldman Sachs reaffirmed their commitments to diversity, equity and inclusion policies, joining Apple and Costco among the companies resisting the push to roll back DEI programs.
JPMorgan CEO Jamie Dimon argued that diversity policies have been good for the bank's bottom line, in contrast to recent DEI retreats by companies like Meta and Walmart.”
It is naive to think that a non-optimal system does not need a fudge factor to attain a better equilibrium. The anti-DEI crusaders love their legacy admissions which enable kids of rich parents to attend colleges, because their parents donated monies to universities, but hate it when poor kids need a little consideration to move to the next steps. So, diversity works if it is paid via donations as unqualified rich kids get admissions, but it is “woke” if otherwise.
As a doctoral student at Johns Hopkins, as part of my National Science Foundation PhD Merit fellowship, I volunteered to teach mathematics and physics in many high schools . During that program I learnt one thing: where you are born in America can determine many things about your future. Yes, the local schools are largely funded by local real estate tax, and poor areas have bad schools, while rich areas have resources and typically have better schools.
Simply, statistically, a kid in a poor area has tons of odds to overcome poverty through education because the school will fail him or her.
I get you - they should remain school dropouts because their local schools have failed them. But someone can say, in the 100% total, can we pick the most promising despite all odds, just in the way legacy admissions offer access to rich kids, diversifying schools to have the children of billionaires? You cannot support diversity via donation but hate diversity in DEI for the excluded.
But when it comes to GS and JPMC, this is about ACCESS as everyone there is qualified. You can graduate top of your class, but you have no one that can give you access.
But if there is a policy to reserve 2% for people like you, through that, you could be discovered. GS and JPMC, I salute. Do not give up, stand up for the excluded until the world becomes more equal.
