things appear to be going backward with the number of black executives declining from 29 percent to 27 percent in the most recent figures.
This was a statement from an article where Community and Cultural Affairs Minister Wayne Perinchief justifies the proposed racial equity law. This is just another example of poor statistical analysis on the part of our leadership.
29% black executives suggests that out of 100 executives, 29 are black. Taking that 100 as a benchmark, that means we have a pool of 29 qualified well educated black executives to pull from.
Now consider the 10 new insurance companies that formed in only the last 3 months, let alone who knows how many others over the last couple years. Then ask yourself, if we have 29 qualified and well educated black Bermudians and you add 10 new companies, does that stretch the pool of available qualified black Bermudians?
Well, using our benchmark of 100, only 7 new executives would need to be added to cause a shift to 27%. That would mean that while the total number of black executives, 29, has not changed, the percentage would, thus giving us 27% of executives being black. So, there are now 29 black executives out of 107.
Far too many people incorrectly see this as ‘things going backward’ in a clear misunderstanding of basic analysis. In reality, lets say that on average those 10 companies each add 1 representative executive to our benchmark. That means, we have 110 executives overall instead of 100. Now we take our 27% of 110 which gives us 29.7, or rounded up, 30 black executives.
Is it possible that the number of black executives may well have increased and not decreased?
Prove me right or wrong. Show me the hard numbers over the last 5 years of:
# of black Bermudian executives
# of white Bermudian executives
# of black ex-pat executives
# of white ex-pat executives.
No percentages, hard numbers. Prove to me that there has been a decrease in the total number of black executives, not just the percentage due too the influx of new companies.