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Editorial Note: Opinions and thoughts are the authorâs own and not those of AFROTECHâ˘. The turmoil over tariffs has taken center stage since President Donald Trump has started to make good on his campaign promise to Make America Great Again. His latest move is leveraging the tactic of tariffs to help bring back manufacturing jobs that he believes have been outsourced to other countries and should be available to people in the United States. However, having the goal of quickly bringing industrialization to a country has been tried elsewhere before. Mao Zedong of China, who formed the Peopleâs Republic of China in 1949 and ran it until his death in 1976, tried what Trump is doing in the U.S. in China. It was called The Great Leap Forward and started in 1958. It aimed to change China from a country that relied on agriculture as its economic center to one that relied on industrialization instead. Similar to Donald Trumpâs vision for industrialization, it included a focus on increasing...
Unrivaled, a 3-on-3 womenâs basketball league, had solid revenue in its first year. Investing In Its Athletes From The Start As AFROTECH⢠previously reported, the Medley, FL-based league with 36 players was created by Napheesa Collier and Breanna Stewart and offers the highest-paid salaries in womenâs sports, with an average salary of over $200,000. The league has also provided incentives to players, with $50,000 allocated to each player on the winning 2025 Playoffs team. This yearâs reigning champion is the Rose BC, led by Coach Nola Henry and featuring players Brittney Sykes, Angel Reese, Kahleah Copper, Azura Stevens, Lexie Hull, and Chelsea Gray. View this post on Instagram A post shared by Rose BC (@rosebc) Whatâs more, Unrivaled is pushing the boundaries of what it means to invest in womenâs sports. The league provides a makeup room, weight room, and daycare center for practice and games, per Front Office Sports, and it has partnered with Samsung as its official presenting and...
Mastercard has agreed to settle a discrimination lawsuit impacting its minority employees. According to a press release, the fintech company had allegedly been underpaying its female, Black, and Hispanic employees. T he class-action lawsuit â which was filed in the U.S. District Court for the Southern District of New York â claims 7,500 employees in job levels 4-10 across the United States dating back to September 2016 were impacted. Details in the lawsuit share that the women and people of color received less compensation for conducting equivalent work to their male and white counterparts, the New York Times reports. The major fintech company had agreed to pay a $26 million settlement prior to the lawsuits filing on Jan. 14, 2025. The settlement now awaits approval from the court. âWe are very pleased to have reached this nationwide settlement with Mastercard, which we believe represents a fair compromise,â Cara E. Greene, partner at Outten & Golden LLP and lead counsel for the...
The workforce is shifting in ways weâve never seen before, and 2025 is the year to be strategic. From AI jobs changing the future to frontline roles making a major comeback, the opportunities are out there â but thriving in this market requires more than just showing up. âItâs a fresh year, and I know the pressureâs on to hit the ground running,â says Andrew McCaskill. âThe job market feels tough right now. Competition is fierce. Black professionals and people of color are facing some unique challenges, from systemic racism to limited access to mentors and sponsors. Despite the challenges, opportunity is still out there, and we always persevere. The key is to work smarter, not harder.â As we explored in a recent AFROTECH⢠breakdown of workforce trends, industries like AI, travel, and healthcare are booming, offering new opportunities for professionals ready to pivot or grow. LinkedInâs Jobs on the Rise 2025 report takes it a step further by spotlighting 25 of the fastest-growing...
The Forbes Union has walked out after publishing the companyâs annual â30 Under 30â list. The listâs Class of 2025 features individuals across industries such as sports, entertainment, energy and green tech, artificial intelligence, food and drink, venture capital, marketing and advertising, science, and gaming, among others. Boston Celtics player Jayson Tatum, country artist Shaboozey , actress Ryan Destiny, Miss EmpowHer founder Caitlyn Kumi, and Foundry Technologies founder Jared Quincy Davis are some of the individuals listed. View this post on Instagram A post shared by Forbes (@forbes) A total of 600 individuals are featured, collectively contributing $3.6 billion in funding and amassing over 300 million followers across social media, Forbes states. Unsurprisingly, the list generates significant buzz and excitement among readers. Itâs precisely for these reasons that editorial staffers made a calculated decision to stage a walkout, drawing attention to a three-year-long...
As of late October, Boeingâs global diversity, equity, and inclusion (DEI) department has ceased to exist. Bloomberg reported , citing sources familiar with the matter, that the aerospace company shuttered its DEI team , integrating employees into a human resources group that will focus on talent management and enhancing the employee experience. Sara Liang Bowen, the former vice president of the DEI department, announced her exit via LinkedIn on Oct. 31 after more than five years, but she did not specify whether the closure was the reason. She said it had been the âprivilege of my lifetimeâ to lead the companyâs DEI efforts. âOur team strived every day to support the evolving brilliance and creativity of our workforce. The team achieved so much â sometimes imperfectly, never easily â and dreamed of doing much more still,â Bowen wrote. âAll of it has been worth it. Because behind every effort there has been a person: An unheard voice, an idea waiting to bloom,â she added. âThe people...
Black actors and actressesâ public display of gratitude for Tyler Perryâs support is ongoing. As AFROTECH⢠previously told you, Meagan Good shared on NBCâs âToday With Hoda & Jennaâ that Perry was the first person to properly compensate her throughout her three-decade career. While Good was anxious to share with Perry what she desired to earn for her leading role in his âDivorce in the Black,â she says that the media mogul was already set on that offer. âHe [Perry] was like âYou deserve thisâ âcause I was already thinking in my head like, what I was going to ask, and I was like, âOh, is this too much?ââ Good recounted. She continued, âI was like, âI donât want to lose the job.â âCause I come from that generation when youâre working in the â90s and 2000s when women ask for something you are perceived to be a certain kind of way or when you show up a certain way. When youâre assertive, youâre perceived to be a certain kind of way⌠But thatâs what I love about Tyler, âcause he was...
Joe Budden is getting candid about his career podcast earnings. According to Vibe, the rapper-turned-podcast-host recently shared that he has earned at least $7 million since he made the career transition, pocketing a reported $4 million from that after taxes. âOff podcasting, off of this?â Budden said during an episode of âThe Joe Budden Podcast.â âAll together in the whole 10 years? About $4 million⌠Gross is $7 million.â He also opened up about how he and his team managed to get to those numbers, noting that inking partnerships with various brands along the way has been beneficial. âEarly on we were doing it for free,â Budden recalled. âThen we hit a little lick, Spotify. Then nâas left, the building crumbled a little bit, and my friends came and saved the day.â As previously reported by AFROTECHâ˘, he shared the real reason that he walked away from Spotifyâs initial offer. âIn business, there are signs, for me, that show faith in a relationship,â Budden said at the time. âAnd me...
As annual reviews arise, securing a salary increase may be on your list of professional goals. Whether negotiating within your current role or pursuing new opportunities, mastering the art of salary negotiation can be a pivotal move, ensuring your compensation reflects your skills and expertise. According to Career Builder , a significant 73% of employers in the United States expect candidates to negotiate salary when presented with an initial job offer. However, despite this expectation, a surprising 55% of job candidates choose not to negotiate their salary. This reluctance often stems from factors such as a lack of confidence in negotiation skills, fear of rejection, limited information about industry standards or company compensation, and a perceived lack of bargaining power. Adding to this, data from Pew Research Center reveals there is a gender disparity in salary increases. A higher percentage of men (42%) express satisfaction with the initially offered pay compared to women...
Esther Leonard is working to ensure others have the confidence to not only know their worth but also to demand it. Fortune reports Leonard, a career coach and sourcer, had a growing interest in digital literacy and the wealth gap, following her move to Boston, MA, nearly seven years ago. Leonard previously lived in Chicago, IL, and had years of experience working in education and with nonprofits.
In a previous interview, Zendaya (nĂŠe Zendaya Coleman) confessed that she sought therapy because she was overly concerned about her finances. âThe hope is to have a career where you can be in a position, financially, to just do things you want to do because you enjoy the work and not have to worry about the other things,â she said in a British Vogue (via Yahoo! ) cover story. âBut Iâm always like, âI will always need to work.â Because if I donât work, then everything can be gone tomorrow.â According to CNBC, Zendaya is not alone in these types of concerns. In fact, the outlet says a whole new subsection of therapy emerged in the wake of the COVID-19 pandemic: financial therapy. âClients get the best of both worlds when they see a financial therapist: They can begin to process their underlying feelings about money while working out plans for retirement, savings, investments, and other goals,â they said . Not many of us will make the money that Zendaya has made through the years. And...
Are you underpaid compared to your peers? Have you taken on more responsibilities at work without a salary increase? You probably need to advocate for a raise â a task most people find daunting, especially the first time. But you can do it, given the right strategy, proper preparation, and a little confidence. Determine the Right Strategy The first step is to determine what strategy will be the most effective. Who has decision-making authority over your possible salary increase? It may be your immediate supervisor. Depending on your companyâs process and your supervisorâs personality, a direct, fact-based appeal may be the most successful approach. But the decision-maker might be two levels above that person, or there may be multiple decision-makers. Some may be persuaded by logic. To appeal to others, you may need to pander a bit. Do Your Research Being able to prove you are underpaid relative to your peers can strengthen your argument for a raise. Find salary data for comparable...