Back to episode — Episode 2358 CWSA 01/19/24
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ke everybody poor and they're all elite idiots. I made up that last part but he implied that. Now we of course all cheered and said well isn't that unique that thing that happened one time ever. Well it turns out it wasn't one time ever. So the WEF got another little wake-up call from a gentleman named Kevin Roberts who's from some I think he's some Republican think tank kind of guy but he got an…
← Previous segment →o my theory is not that there can't be a company that does better in every way. Of course they could because there's a variety of everything all the time and maybe his company is one and that would be a laudable accomplishment. I mean if we talk to his white middle class employees at Cuban companies which I'd love to do by the way I'd love to see if they say the same thing you know I didn't think you could get this diversity and also get all the right employees and no racial division or anything but he did it like he pulled it off in our company so maybe other companies could try it too.
But here's the problem. It's a math problem and if the school systems are not creating the supply of let's say just to use one example black female STEM majors then if you're a company who's trying to increase diversity in that area once all the good ones are scooped up by the Apple and the IBMs what are you going to do? Are you going to not do diversity because it's just hard or are you going to do diversity? Let me tell you a management rule that I know Mark Cuban knows. So there's something mysterious about his support of this.
All right well I just lost my train of thought. If you're hiring from a limited pool it's just math. There just there's not enough people there. So even if Mark Cuban made it work that would suggest that the companies in the physical environment of Mark Cuban's businesses have a smaller pool to pick good employees from. It has nothing to do with anybody's genes it's not a racial discussion at all it's purely numbers. If there's just more of something you know it's easier to find them that's it.
So in the real world you end up with a situation like I think it was a muse said that he tried to get a job and they told him over the phone no we're not hiring white people we're not hiring straight white people like directly. Now do you think Mark Cuban is aware? I think I might have sent him that but do you think he's aware that that's the normal situation? Because I think he would think it would be unusual.
Now he did make one good point. One good point is that people don't really know who's the best employee most of the time. Most of the time people look kind of similar you know if you pick the top 10 applicants they kind of look about the same so you don't really know if the black or the white one's going to do better. So in that case you might as well increase your diversity because you don't know that you're getting a better or worse employee. It's unknowable so you might as well get the certain benefit of the diversity. That's not a terrible argument but it's only a conceptual one. In the real world there just aren't enough people. You can't get past the math they just don't exist in proper numbers.
So the solution of course is to put all of your work, oh my God not again it happened again. Did I tell all of you that I was having this problem of seeing the word Mayo all the time? It's a reticular activation thing. Like I saw three people whose last name were Mayo in the Mayo Clinic and somebody just sent a comment about Mayorkas. Mayorkas starts with Mayo which I never noticed until this very moment. I got a message from somebody who was watching the show when I mentioned Mayo and I challenged people that they will see the word Mayo and she I guess she saw it three or four times that day. It was Mayo everywhere. Did everybody else have that experience after I said you're going to see Mayo a lot? Did everybody see it a lot the next day? No maybe. All right some of you did anyway.
Oh I was going to say you get what you measure. So this is the part that I think Mark Cuban is forgetting because obviously he knows it. That if you're an employee at a big company and they say there are two things I want you to accomplish. Number one is improve your diversity and your pay will depend on it but number two is you also have to perform well according to all your basic standards of performance. Which one are you going to do? Which one are you goi
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ng to put all of your energy into? Well if it's me I'm going to put all of my energy into diversity. Do you know why? Because it's measurable. At the end of the year they're going to look at your employee and it's either more diverse or it's not and you can know for sure if you succeeded or failed at that. So people will put all of their energy into what can be measured because the other part how…
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