2019-04-17

Number of Converged Companies Will Soar in Coming Years

Daily Mail: Half of Millennials and Generation Z want employers to prioritize diversity over ability when it comes to hiring, survey reveals
Roughly half (51 percent) of Millennials (age 22-39) and Generation Z (age 18-21) said that 'fair representation of race, ethnicity and religion is paramount to creating the ideal workplace,' according to the poll of 2,002 Americans conducted by John Zogby Strategies.

By comparison, 48 percent of Generation X (age 40-54) and 42 percent of Baby Boomers (age 55-74) agreed with that statement.

Just 15 percent of Generation Z and 32 percent of Millennials agreed with the statement that 'merit and competition supersede all, even if that results in a workplace that creates minimal diversity.'
It goes beyond ideas of equality, a plurality also think the environment should be the top goal of corporations, more so than creating jobs and profits.

This thinking is already visible in technology companies destroying their user bases, media companies who attack their readers. More companies will destroy their customer relationships in the future, while increasing the incompetence load in their companies. It won't result in a slow collapse, rather the risk of catastrophic failure will increase. Companies will suddenly implode when new product launches fail or a competitor siphons off their customers. It will be profitable to consider "wokeness" when investing because most college graduates are trained to think diversity is better than competence. Few to none financial firms will admit to fading this when evaluating their investments, if anything they will be locked into doing the opposite by threats/fear of mob reprisals. Therein lies the profit opportunity.

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