Kenan Institute Senior Faculty Fellow Maryann Feldman and Good Jobs First Executive Director Greg LeRoyco-authored an op-ed published in The Guardian on why American cities should stop trying to attract big tech and offer up alternative strategies to boost local economies.
A growing body of rigorous academic literature empirically demonstrates that high-skilled immigrants provide a range of long-lasting and material benefits to the U.S. economy through entrepreneurship and innovation.
When it comes to companies and organizations, many talk a good game of diversity, especially around hiring, but truly lack the inclusion and equity part. COVID-19 has once again called out a sore eye to American society's racial inequities, class disparities and employment needs. We must address the water cooler talk that many employers do not understand and impacts their hiring process. This discussion will offer insight and solutions on how to build a truly equitable and inclusive workplace.
History informs us that some people, especially the wealthy, typically flee cities in response
to pandemics and other major catastrophes. Media accounts and preliminary empirical
research suggest that the response to the COVID-19 pandemic is no exception. Nearly a half
million people reportedly fled hard-hit New York City within two months of the World Health
Organization declaring the coronavirus disease a global pandemic.Some coronavirus pandemic refugees headed to nearby suburbs, others headed to second homes and vacation spots in other states, and still others moved back home to live with parents.
Immigrants are once again the targets of draconian policymaking. It is during the COVID-19 pandemic this time. Through a series of presidential proclamations and other executive branch maneuvers, the Trump Administration is attempting to leverage a host of so-called migration management tools to ban entry and force some immigrant to leave the country—all under the guise of containing the spread of the coronavirus and protecting American jobs.
In a recent episode of his award-winning show, “United Shades of America,” W. Kamau Bell interviews a Black man about systemic racism in America who said, “This country is not designed for us and, in fact, is designed against us.” As an African American, this observation triggered three critical questions.
Cities increasingly will have to demonstrate a strong commitment to reputational equity to remain attractive places to live, work, play, and do business given the racially and ethnically disparate impacts of Covid-19 pandemic and recent senseless killings of unarmed African Americans that spawned a nationwide protest movement. We leverage evidence-based best practices of inclusive and equitable development from the research literature to devise a reputational equity checklist—a portfolio of strategies, policies, tactics, procedures and practices cities will need to embrace to dismantle all forms of “Isms” and “Phobias” that are principally responsible for the major divisions that exist in American society today.
We measure the racial/ethnic densities (RAEDs) of executives in a random sample of 523 US publicly traded companies and the S&P 500®. When we calibrate the RAEDs of executives as a whole against the RAEDs of the 2019 US population, we find that American Indians/Alaska Natives, Blacks and Hispanics are underrepresented and Whites are overrepresented. However, when we calibrate executive RAEDs against a benchmark that seeks to take into account key features of the demand for and supply of proto-executive talent, namely the RAEDs of the cohorts of students graduating with a bachelor’s degree from the broad New York Times 2017 list of the top 100 US four-year colleges and universities, matched to executives’ BA/BS graduation years, mostly different and at times opposite findings obtain.
The Biden administration's $2.3 trillion American Jobs Plan comes with a hefty price tag, which the president hopes to pay in part by introducing a 15% minimum tax on corporate book income. Predictably, policymakers from both sides of the aisle are sounding off, but the argument is more complicated and nuanced than partisan rhetoric. In this Kenan Insight, we outline the intricacies and implications of taxing book income.
CREATE Executive Director Mark Little and Institute of African American Research Director Karla Slocum have been honored with a UNC Office of the Provost Engaged Scholarship Award for their partnership as co-chairs of Black Communities: A Conference for Collaboration.
Institute Executive Director Greg Brown told Axios that the U.S. cities with the fastest-growing economies are undergoing a transformation. "It's going to be a big change over the next few years,” he said.
In kicking off the new year, we at the Kenan Institute want to highlight five topics we anticipate will be top of mind for business leaders and policymakers during the 12 months ahead.
Chief Economist Gerald Cohen spoke to WTVD-TV about the American Growth Project’s projection for a 1.6% increase in GDP for Raleigh and Durham this year, good for fourth best among the 50 biggest U.S. microeconomies.
In his Frontiers of Business keynote examining the use of artificial intelligence, MIT economist David Autor sees a future where AI extends the expertise of workers rather than replacing them.
The explosive growth in ESG investing has created confusion among investors. As part of our yearlong series on stakeholder capitalism, we unpack what they should expect from ESG and try to reconcile it with both financial theory and empirical evidence. The bottom line is a bit complicated.
Nonwage benefits have become more important to employers and employees alike. A new look shows where you work plays a far greater role in the level of benefits you receive than it does your paycheck.
Fifteen North Carolina city, county, and state entities are vying with more than 230 communities in the U.S. and Canada to be the home of Amazon’s second headquarters. But bidders in the state are keeping mum about the details of their bids, saying that releasing data could jeopardize their competitiveness. One person who is talking is Brent Lane, economic strategist for the Center for Competitive Economies.
Greg Brown joined former NC Secretary of Commerce John Skvarla; Terry Keating, executive vice president of Accord Financial; and show host Chris William for an end-of-year, Carolinas-centric look at tax reform, the urban-rural divide, foreign trade, and economic development, among other topics. The show aired on PBS stations in North and South Carolina in December.
This event is invitation only. The purpose of this nonpartisan event is to consider the effect of recent NC tax reform on the economic outcomes in the state
Stephanie Headley, senior vice president of North America skin care and global Olay at Procter & Gamble, discussed the dynamic landscape of work and the critical need for building resilient teams and organizations with Dean Mary Margaret Frank April 2.