Woke Wednesday - Demographics and Diversity in Tech

Woke Wednesday, WW for short, is a monthly event hosted by our Diversity and Inclusion (D&I) committee; it is an open forum that allows Bincers to discuss topics that surround the themes of both diversity and inclusion. Even though some topics we choose are not directly tied to recruiting, they always tie into the tech industry as a whole. Binc Woke Wednesdays keep us #woke and help us to be aware of the issues surrounding us in the tech industry.

Our most recent WW topic was on Demographics and Diversity in Tech. We looked at the occurrence of tech companies contracting out a majority of their service roles and how this practice contributes to the income disparity in Silicon Valley.

Key Takeaways:

  1. Wages for contracted workers are significantly below comparable wages for direct hire employees.

  2. “Rather than being treated as assets that companies seek to invest in, they have become costs to be minimized.”

  3. Full-Time direct employees in the tech industry are disproportionately Asian and White. While in contrast, contracted workers are disproportionately people of color.

Why we picked this topic:

As a company working in the tech world, we have the opportunity to raise awareness about the disparities and inequalities that are taking place in our industry. Two important questions we kept in mind during this Woke Wednesday were:

  1. What can we do to work towards more equitable representation across different occupations?

  2. How can we help address the pay and experience gap between different employment types?

Overall, this WW was intended to raise awareness about the shocking statistics about the invisible workforce that is serving the Silicon Valley. This contracted workforce is a substantial portion of the Silicon Valley region and the economic and employment conditions that they are facing should be addressed so their living conditions can be improved.