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ultimately the market will solve the problem as companies that hire/promote based on merit will out-compete those with other priorities
by blibble 5y ago
ultimately the market will solve the problem as companies that hire/promote based on merit will out-compete those with other priorities
- throwawaysea 5y agoI hope so, but many of these companies are massive, can copy the features of smaller companies (see Microsoft Teams versus Slack), and also benefit from low competition due to network effects, bundling of products, etc. Their sheer size and access to capital distorts the competitiveness of our markets. So personally I don’t feel as hopeful unless we are willing to come up with new anti trust laws and enforce them.
- blibble 5y agoagreed and in the long term: if the West ends not being able to solve these problems we'll end up out-competed by the CCP (who definitely don't care about DEI)
- Mountain_Skies 5y agoNot if these policies become law or industrywide requirements, such as NASDAQ dropping you from being listed on their exchange if you don't have DEI policies that meet NASDAQ's requirements.
- blibble 5y agothe world consists of more than the United States I very much doubt the Chinese would deliberately cripple their industry in a similar way
- stjohnswarts 5y agoIf you think the Chinese system is anything to aspire to then maybe you should move there for a while and try your luck and see how far you advance? Based on strictly merit I'm sure.
- blibble 5y ago[flagged]
- throwawaysea 5y agoIsn’t it illegal to discriminate based on protected traits? I just looked up the policy you are referring to - NASDAQ now requires female board members and other types of minorities, which seems completely illegal and unethical: https://corpgov.law.harvard.edu/2021/08/19/sec-adopts-nasdaq-rules-on-board-diversity/ https://corpgov.law.harvard.edu/2021/08/19/sec-adopts-nasdaq...
- deleted 5y ago[deleted]