Minorities Deliver All the US Labor Supply Growth: Justin Fox

It’s a striking statistic, gathered by Bloomberg News reporters from US Equal Employment Opportunity Commission data: 94% of the 323,094 jobs added in 2021 by members of the S&P 100 Index — the biggest US corporations, basically — went to people of color, defined as everybody but non-Hispanic White people.

Before judging whether that’s impressive or excessive or some other adjective, it’s helpful to know what the available pool of new workers looked like. Or, more precisely, what the pool of new workers minus the pool of departing workers looked like. Net change is what we’re able to see. It’s not that 94% of S&P ...