Reportedly, leading industry figures representing top financial institutions, consulting firms, and technology companies in the USA have come together to provide jobs to up to 100,000 low-income individuals in NY hailing from the Black, Asian, and Latinx minority groups by the year 2030.
Leaders from several large USA companies, including tech giants and banks, have come together to form a group whose primary aim is to increase the hiring of individuals belonging to minority communities in NY. The 100,000 body consists of 25,000 work and also instructions for pupils coming from the City University of NY. The co-chairs of the newly formed group include JPMorgan Chase CEO Jamie Dimon, Accenture CEO Julie Sweet, IBM CEO Arvind Krishna, Microsoft's Founder Satya Nadella, Google CEO Sundar Pichai, Amazon Founder & CEO Jeff Bezos, and Goldman Sachs' David Solomon.
"Young people in low-income and minority communities feel this failure the most. The new initiative will play an important role [in] connecting underserved communities with career resources and access to New York's world-class educational institutions, helping ensure economic prosperity is a dream anyone can realize, no matter their zip code".
" Many New Yorkers are actually embeded low-paying work that might be dropped later on or even are actually having a hard time to get through the effort market" throughout the astronomical, Dimon stated in the launch.
New York City imposed strict restrictions on economic activities, including a lockdown, in a bid to contain the spread of the virus. "As companies with a long-standing commitment to the NY area and its residents, we are using our collective power to prepare the city's workforce with the skills of the future".
According to the New York State Labor Department, as of June 2020, the statewide unemployment rate was 15.7% and New York City's jobless rate was 20.4%.