Video Research Project

My name is john Mark Urman. And the topic I chose to discuss is Economic Equity.

So economic Equity could be defined as a distribution and fairness of economic tax,

wealth assets, resources and liabilities within a society.

Economic equity is an important factor within the United States

for all groups, societies and individuals

because when wealth is able to be distributed more evenly

and the number of people that are

classified as underneath the poverty line decreases

the impacts of economic equity on minorities groups.

Economic equity does have a pretty major effect on

minorities groups when it comes to the workplace.

Labor hours and wages.

There's a bit of controversy when it comes to the discussion

of race and racial economic equity or equality in the workplace.

It has been known that some companies have

been subject to selecting certain races and ethnicities

when it comes to hiring new employees

and decisions like this by these companies

could end up leaving out minorities groups,

as well as minorities races or ethnicities.

However,

overall

as a country, we have clearly seen

that there are companies out there who tend

to play favorites when it comes to hiring employees

and hiring

all the same race of people. For whatever reason they might do that.

However, that is not fair to others,

especially if they have the same credentials and qualifications for the job.

The selection should have nothing to do with one's race or ethnic background,

but solely based on the requirements for that job.

We've seen it a lot in the United States and a

lot of companies have had to undergo investigations regarding these decisions,

it would be best for companies to only

base their decision based off of background checks,

past jobs and past experiences with jobs.

It has been shown over and over again in

our country that not all companies care about that,

but more of just about the race of that employee that they're going to hire,

what is being done to solve this problem.

The government right now is actually doing quite a few things

and they're taking this into action to resolve the issue and make

the workplace a more fair place for all races and ethnicities.

But most of all give everybody the same opportunity and chance at a career

in a pdf created by the White House. It states that their plan to

Create a more equitable and inclusive

economy through actions across five pillars.

These pillars are investments by

supporting entrepreneurs from undeserved communities

to nurture their companies at critical stages of development and growth

capabilities and knowledge sharing,

developing tools and resources for undeserved

entrepreneurs to successfully operate their companies

opportunities,

funding, training and technical assistance programs

and by establishing partnerships so that

underrepresented groups can contribute to the emerging technology space,

people, ensuring that people and families can thrive in their communities

by realizing gains from their participation in the economy

and finally, service delivery

department services that are data driven and strengthened

to meet the needs of underrepresented groups.

This quote from the equity action plan submarine

that was published by the United States Department of Commerce,

goes into detail

and explains that there are numerous different resolutions to this problem

if they are executed correctly throughout government,

through those five pillars that I just explained

overall.

I feel like politically and economically,

our United States government is putting out a better effort

in an attempt to give all United States citizens equal opportunity in our country

to make the same wages, get hired for the same jobs

as long as those qualifications are met

and overall just make it easier to live out the american dream in the United States.

Some possible challenges that could be faced.

While the government is trying to resolve this problem.

Some problems

that I could see

coming up

with the government trying to resolve this for minorities groups

would be

definitely everyone having to go by the same opportunity,

pay and hours in the workplace.

The biggest challenge I see when facing this resolution

would be

changing the mind of all the companies

that wants to hire only a specific race or ethnicity of people.

These companies can come back

and

back up their decisions by stating that the people they have chosen to

represent their companies have met the requirements and needs of the company.

If a company only wants to hire a specific race slash ethnicity of people,

then they will always be able to hide behind the excuses

of their preferred employees that meet the requirements of the company

and anybody that the company does not want, whether it is due to race,

ethnicity qualifications or credentials,

they can also say that the applicant did not meet the company's needs

and there's not much more that could be said after being denied

of the job for that reason.

in 10 to 15 years,

I think the government will be able to eliminate

this issue completely for minorities groups in the workplace.

I feel like we would see a lot more of these minorities groups thriving in new areas,

all across the United States.

If these groups

of minorities groups are able to have the same opportunity as everyone else,

and there's no telling how successful these groups could be

in creating their own businesses

and working their own way up the ladder

for a company and being leaders in the workplace

rather than a group

that is kind of

a last resort type of employee in the workplace

for companies.

I feel like the United States,

we'll be able to successfully create these

types of opportunities for all groups across

the United States pretty soon here as they are already working on it.

And hopefully we will see a lot more economic equity in the workplace,

as well as equal opportunities for all races and ethnicities

Video Research Project

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