Some analysis indicates companies with diverse executive teams drive more revenue and are more likely to experience higher profits relative to their nondiverse peers, yet founding teams for both high-growth startups and the private capital groups that fund them stand in stark contrast to the U.S. working age population. Why? And why should it matter? In this week’s Kenan Insight, Kenan Institute Distinguished Fellow Emmanuel Yimfor unpacks statistics on the composition of both high-growth startups and private capital groups, explores the economic and societal implications of their lack of diversity and provides suggestions to facilitate change.
Last month our home state of North Carolina was named “America’s Top State for Business” by CNBC (see the full ranking here). It wasn’t long after when some commentators pointed out that Oxfam had recently ranked N.C. as the worst state for workers. The extreme juxtaposition of rankings made me wonder if this was a coincidence or if there are systematic factors that make states good for businesses and bad for workers. Perhaps “right-to-work” laws, lax worker protection regulation or regional wage differences attract businesses looking to take advantage of areas with weak labor bargaining power. This in turn leads to business growth and thus job migration to states that are less desirable for individual workers. At the end of the day, economic planning should have the best interest of residents in mind when crafting business policy, so it seems worth unpacking what drives the rankings.
Three institute-associated experts provided analysis for the July 30 edition of WRAL-TV’s “On the Record” news program. In a segment on dwindling child care options in the Raleigh area, Director of Research Paige Ouimet talked about how child care access affects the ability of women to work.
Unions seem to be popping up everywhere these days. In fact, the National Labor Relations Board reported that requests for union elections during the last nine months are up 58% over the prior fiscal year. This trend has received significant coverage in the media, with particular interest in successful organization efforts at Amazon, Starbucks and Apple.
Seventeen states have enacted salary transparency laws to combat pay gaps historically experienced by people of color and women, but the laws take different forms and have produced varying results. How does requiring companies to provide summary salary statistics compare with, for example, preventing companies from asking applicants about their previous salaries? Can such laws actually work against employees? Two experts address these questions and more in this week’s Kenan Insight.
With the school year winding down, we invited Frank Porter Graham Child Development Institute Fellow and UNC-Chapel Hill Public Policy Research Professor Iheoma Iruka to join us for a discussion on the business of childcare and early education – as well as the ways in which the COVID-19 pandemic has shifted families’ expectations and workers’ needs
Mark Little, executive director of the Kenan Institute-affiliated center CREATE, provided expert testimony in a process that resulted in a May 11 settlement agreement regarding contracting and hiring practices for Dominion Energy’s $9.8 billion Coastal Virginia Offshore Wind renewable energy project.
The recent surge in inflation is making things worse for “a much larger number of people than one might think,” Urban Investment Strategies Center Director Jim Johnson tells The News & Observer.
Firms continue to strive for greater representation on corporate boards. One California law, attempting to mandate such greater representation, has encountered a recent setback. Two experts discuss obstacles to more diverse corporate leadership and offer approaches for surmounting them.
CREATE, an economic development center at the institute, worked with civic and business leaders in Rocky Mount last summer to plan a Black Business Matters District downtown in an effort to address the racial wealth gap in the area. Executive Director Mark Little will join CREATE’s Rocky Mount partners on a panel at 9 a.m. on Thursday, March 24 to share their work as part of Carolina’s Engagement Week.
The U.S. spends significantly less on child care than other developed nations, and the consequences of that spending became evident during the pandemic – particularly within underserved communities. In this week’s insight, our experts discuss why the U.S. should prioritize and fund early childhood education and care.
On Jan. 7, North Carolina Gov. Roy Cooper announced a sweeping new executive order that aims to achieve net-zero emissions within 30 years while protecting and empowering North Carolina’s underserved communities. Urban Investment Strategies Center Director Jim Johnson, who serves as chairman of the N.C. Department of Environmental Justice and Equity Board and as a member of the task force on social, economic and environmental equity, accompanied Cooper at a press conference in support of the order at N.C. A&T State University. Read Johnson's statements here.