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A new study released Tuesday by San Jose State University reveals a staggering level of inequality and lack of diversity at tech companies in Silicon Valley.
The Silicon Valley Pain Index shows that while “10 large tech companies” employ zero Black women, the net worth of the top 10 richest Silicon Valley figures, all of whom are white men, is $248 billion.
San Jose State professor Dr. Scott Myers-Lipton, who led the research, told SFGATE that “these statistics show that white supremacy is operating in most all of the institutions and systems in Silicon Valley.”
The study also revealed that three large Silicon Valley tech companies have zero Black employees, and the vast majority of executive positions are filled by white employees. Forty-six percent of employees at Google, Hewlett-Packard, Intel, LinkedIn, and Yahoo are white, yet they hold 70% of executive positions at these companies.
Conversely, 47% of employees at the aforementioned companies are Asian American or Asian, yet only 25% of executive positions are held by this demographic.
Myers-Lipton told SFGATE that research team, Reveal News, is currently suing to reveal the names of the tech companies who employ no Black women.
“Look, if you divide the wealth of these 10 white men ($248 billion) by 541,000, which is the total Latino (487,000) and Black population (54,000), you get $458,800 per every Latino and Black person in Santa Clara County. Does that seem right to have such a high level of inequality, particularly when 46% of Black households and 57% of Latino households are not self-sufficient?” Myers-Lipton said.
“As a sociologist, I am used to analyzing statistics that deal with racism and income/wealth inequality,” Myers-Lipton added, “but when you see the 65 statistics from the Silicon Valley Pain Index laid out from ‘0 to 307 billion,’ the results are shocking. In every case, whites have the advantage over people of color.”
The SJSU Human Rights Institute will be releasing this index yearly. Their goal is to monitor the various institutions year by year to see which institutions are making progress and which are not.
The study, reviewed by SFGATE, will be released publicly on Tuesday afternoon, at which time we will add a link to the research.
Andrew Chamings is a digital editor at SFGATE. Email: Andrew.Chamings@sfgate.com | Twitter: @AndrewChamings