US appeals court rejects Nasdaq's diversity rules for company boards

[u/ShivasRightFoot]

https://apnews.com/article/nasdaq-sec-dei-diversity-board-a3b8803a646a62aeb2733bbd4603e670

[u/WorstCPANA]

preferring one race over the other is not equality.

I'm asian, I have to get higher test scores to get into college than other races because apparently I'm the wrong kind of race. Is that what equality looks like to you?

[u/chaosdemonhu → u/WorstCPANA]

Right, the goal is to stop preferring white people over everyone else.

Your second point is a straw man. I did not argue for that.

[u/andthedevilissix → u/chaosdemonhu]

Right, the goal is to stop preferring white people over everyone else.

If that were in anyway still the truth of America, why are asian and desi Americans the wealthiest and least incarcerated demographics?

[u/chaosdemonhu → u/andthedevilissix]

I’m sorry what?

In 2021, households with a White householder made up 65.3% of all U.S. households and held 80.0% of all wealth.

https://www.census.gov/library/stories/2024/04/wealth-by-race.html#:~:text=In%202021%2C%20households%20with%20a,held%2080.0%25%20of%20all%20wealth.

[u/andthedevilissix → u/chaosdemonhu]

https://en.wikipedia.org/wiki/List_of_ethnic_groups_in_the_United_States_by_household_income

[u/chaosdemonhu → u/andthedevilissix]

That doesn’t make them the wealthiest when one demographic controls the vast majority of the wealth

Also this is median not mean.

[u/andthedevilissix → u/chaosdemonhu]

asians are literally the wealthiest demographic, and desis are vastly overrepresented in major corp CEO/CFO etc.

[u/chaosdemonhu → u/andthedevilissix]

… they are the wealthiest when you take the median income, but per the census whites own 80% of the nations wealth.

Who has more wealth, racially speaking?

[u/andthedevilissix → u/chaosdemonhu]

as a group, asians and desis.

[u/chaosdemonhu → u/andthedevilissix]

Again. Whites own 80% of the nations wealth. How can Asians and desis be wealthier when one group owns 80% of the wealth and it isn’t them?

Edit: also this Harvard Law study shows Asian representation is declining compared to white representation in c-suite so wrong there too: https://corpgov.law.harvard.edu/2023/02/25/how-to-fix-the-c-suite-diversity-problem/

[u/andthedevilissix → u/chaosdemonhu]

I think you're having difficulty understanding per capita and why the largest ethnic group may have the most wealth.

Per CAPITA, asians and desis have the most wealth - the fact that most people in the US are white isn't particularly interesting (which is what your stat recapitulates)

[u/chaosdemonhu → u/andthedevilissix]

Your stat isn’t per capita it’s a median.

You’ve shown no per capita data.

Even per if you provided per capita data showing that, there’s still massive social power discrepancies between white and Asian peoples.

There’s also something to be said about our historical racial biases in immigration from the East and the fact that historically immigration self selects for high performers.

These individuals make up one-quarter of all immigrants who have arrived in the U.S. since 1965, and 59% of Asian Americans are foreign-born

https://en.m.wikipedia.org/wiki/Demographics_of_Asian_Americans