DEI Initiatives are a Fool's Game

Why do we need DEI initiatives anyway? Frankly, the entire idea of it is simply stupid. What the focus should be on for businesses is to simply hire qualified people. Period. End of story. No further discussion needed. If not enough gay or transgendered people get hired, or Mexicans, or blacks or any other group that might be in the DEI pool, it should not be a question of businesses creating opportunities. It should be a question for the people who would be considered to be in the DEI pool to qualify themselves better.

If the question comes up, "Why do you not have any transgendered (name your job title)?" the answer should be simple. "We hire the most qualified individuals to perform jobs based on criteria that is the same for everyone. If we do not have any transgendered people in that job now it is because from the pool of candidates, none were more qualified than who we ultimately hired."

Granted, there will still likely be backlash. "That's just an easy way to get out from under your bigotry," some might accuse them of. But isn't it bigotry to even have DEI in the first place? Think about it. What does it say to someone who gets hired just because they happen to be gay, black, Mexican or transgendered? 

Were it not for our DEI program, you'd never have been able to succeed in getting this job on your own.

So, now it is admirable and respectable to be chosen for a job to serve as a token for the company to wave around rather than because the job was actually earned? How degrading. At least it would be to me. I would think it would be to most people.

Of course, the reality is that DEI initiatives are unpopular, and companies are finally starting to understand this, which is why many have pulled back their initiatives. Companies like Ford and Target and Anheuser-Busch for example. 

For one thing, it serves no purpose for the business to hire unqualified people, and it alienates customers. So, it's really a lose-lose situation. Of course, any company now has to quietly walk back from their initiatives since they are afraid of back lash from the other side, even though the largest customer base will be from conservatives who will applaud pulling away from DEI.

It's another reason why businesses should always avoid treading into political waters. Their purpose is to sell stuff, and in order to be successful at doing that, they need to simply do things that sell products. All the other stuff is not conducive to good business and should be avoided.

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© 2024 Jim Bauer

The Next Market Run Could Last 20 Years: Here's Why I Think So

No one's talking about it—not that I've seen or heard anyway. But I think the stock market is on the brink of a massive, long term growth spurt. Despite any economic pressures we might face, this could last for at least the next 20 years.

Now, I admit, I have zero data to back this up. It's purely my gut feeling. And yes, I might be a little crazy. But hear me out: Two words.

Baby boomers.

I mean, think about it—if there's one group poised to rake in truckloads of cash, it's the baby boomers. And let me tell you, there are a lot of them out there.

Now, I'm not suggesting that every single baby boomer is going to glide into retirement with a golden parachute. We know the sobering statistics about many entering their golden years financially unprepared. But still, there's plenty to consider that teases the idea of a significant influx of spendable cash hitting the market over the next two decades.

How many billions—maybe even trillions—have been locked up in 401k plans since the 1980s, now coming due for distribution? What about all those pensions and Social Security checks being cashed in? And let's not forget the baby boomers downsizing their homes, unleashing loads of cash tied up in unrealized equity.

The money floodgates are about to open, folks. In fact, they might have already begun to flow. The stock market has been on an incredible tear for a long time, marking one of the longest bull runs in history. The money has to be coming from somewhere, and a good chunk of it might just be coming from baby boomers already.

It's worth keeping in mind as well that these baby boomers are well past their saving years. They've already done that and now they're ready to enjoy the fruits of their labors, which means they will likely be more freewheeling with their spending compared to those still working and saving for their futures.

They know they can't take their loot with them when they leave this Earth, so they're going to want to have a little fun while they can.

Again, let's not ignore the very real fact that many will still struggle through their retirement years. Those darned statistics. So, it won't be all fun and games for everyone. But that doesn't negate the fact that there's a lot of old money set to reenter the markets after being locked up for so long.

The money is coming. It's out there, sitting stagnant, with no choice but to be released.

It's not to suggest we should just throw the baby out with the bathwater and go all in and flood the markets with investable cash. It's simply something to consider about the future prospects and potential for more upside than we might typically see in the markets—the money has to go somewhere, and that means it has to be spent, and that means businesses will benefit from that spending and so will investors.

Maybe. Just maybe. But I have a strong sense it's probably true.

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© 2024 Jim Bauer