A harsh economic reality for famers
Marketplace Morning Report
Marketplace
4.5 • 927 Ratings
🗓️ 28 May 2026
⏱️ 8 minutes
🧾️ Download transcript
Summary
Before war in the Middle East, roughly one-third of the world’s fertilizer shipped by sea moved through the Strait of Hormuz. In the last three months, fertilizer prices have climbed between 30% and 50%, according to the American Farm Bureau Federation. It's yet another growing expense for farmers, and it comes at a time when more farms in the U.S. are closing or going bankrupt. But first: A new study finds racial bias in AI hiring tools.
Transcript
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| 0:00.0 | Artificial intelligence in the hiring process and the bias problem. |
| 0:07.3 | For Marketplace, I'm Novosafo. Good morning. |
| 0:09.7 | Most companies are now using AI to help with hiring about 90% according to the World Economic Forum. |
| 0:16.2 | But a new study from the Stanford Institute for Human-centered AI finds that one such hiring tool used by lots of companies is often biased against black and Asian applicants. |
| 0:27.3 | Marketplaces Samantha Fields has more. |
| 0:29.6 | Anyone who's been job searching knows it's rough out there. |
| 0:32.6 | Companies aren't posting many jobs, and when they do, they get tons of applications. |
| 0:37.1 | They almost have to use an algorithm in some way to be able to look through the number of |
| 0:43.0 | applications that are coming in. Sarah Banna at Chapman University says the AI tool she and her study |
| 0:48.7 | co-authors looked at screens applicants by having them play behavioral video games. She says the |
| 0:53.9 | company behind it actively tries to eliminate bias. |
| 0:57.4 | But what we find is they still end up with racial bias in the algorithm. |
| 1:04.5 | The AI discriminated against black applicants in about 25% of jobs and against Asian applicants in about 15% of jobs. |
| 1:12.1 | This is a tool that many companies are using. |
| 1:15.2 | So Kathleen Creel, a co-author at Northeastern University, says if you apply to five different places... |
| 1:21.0 | It could be that the same system is actually screening your resume at all five of those. |
| 1:26.4 | And so these five supposedly independent chances |
| 1:29.8 | are no longer independent. This is a real problem, says Alukmetha at the Center for Strategic |
| 1:35.0 | and International Studies. Unless companies take steps to really include human review and |
| 1:40.7 | manage how these systems are being deployed internally, they're going to replicate |
| 1:46.5 | patterns all across industry. |
| 1:49.7 | And people who are already marginalized in hiring could be marginalized even further. |
... |
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