Cracking the code on diversity in tech is the greatest economic opportunity of our time.
why diversity in tech?
Figuring out how to attract, recognize, and retain diverse talent is critical for tech companies' growth and survival. That's because by the year 2040 people of color will be the majority in the United States. We're already seeing the importance of this rapidly growing consumer base and companies are beginning to realize that diverse talent is no longer optional - it's the country's new workforce.
Creating a more inclusive tech sector is critical for communities of color as well. Tech jobs are some of the fastest growing with some of the lowest unemployment rates. The average tech worker makes more than the median household income of a Black family and a Latino family combined. Tech can dramatically alter the economic trajectory of individuals, families, and communities of color.
Today, Black and Latino/a students earn 18% of computer science bachelors degrees. Yet Blacks and Latino/as make up only about 5% of the tech workforce at the industry's leading companies. CODE2040 aims to close this gap and to support talented underrepresented technologists as they enter and lead all facets of the tech industry.
Diversity in tech: fast facts
- Blacks and Latino/as earn 18% of computer science bachelors degrees awarded each year.
- The number of Black and Latino/a technical employees at top Silicon Valley companies hovers around 5-7%.
- The average tech worker makes more than the median household income of a Black family and a Latino family combined.
- At the rate we're currently graduating qualified students into the tech workforce, we'll see 1,000,000 jobs in tech unfilled by the year 2020.
- Blacks and Latino/as are among the fastest growing portions of the population and among the most underrepresented in tech.