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Marketplace All-in-One

How workplace “gray areas” can perpetuate racism

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 17 October 2023

⏱️ 7 minutes

🧾️ Download transcript

Summary

While many companies have taken steps to address racial inequality, certain workplace dynamics and practices still allow racism to persist. We discuss what this looks like and what steps organizations can take to create more inclusive workplaces. Also: A recent ranking of retirement systems puts the Netherlands at the top of the list, while the United States received a C+. How can the U.S. raise its grade?

Transcript

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0:00.0

Retirement in the USA.

0:04.1

From Marketplace.

0:05.1

I'm Sabrina Schor.

0:06.1

In for David Brunkhatchew.

0:07.1

Each year, the Retirement and Investment Services company Mercer puts out rankings for

0:12.1

retirement systems in various countries.

0:14.7

The latest one is out and the US is not at the top.

0:18.3

Actually, we rank somewhere in the middle, alongside France, Spain, few other countries

0:22.4

who is at the top US.

0:24.8

That would be the Netherlands.

0:27.1

Marketplace is Nova Sappho.

0:28.3

Has more.

0:29.3

Mercer based its rankings on three major factors.

0:32.5

The amount of benefits future retirees are likely to receive, the solvency of retirement

0:37.3

systems, and whether they are regulated in a way that maintains public confidence.

0:42.4

By those standards, the Netherlands was at the top, scoring an A grade, alongside Iceland,

0:48.1

Denmark and Israel.

0:49.7

The US got a C+.

0:51.7

Mercer says the country can raise its rating by undertaking reforms, such as boosting the

0:56.2

minimum pension for low income retirees, and limiting access to savings prior to retirement.

1:02.8

Mercer suggests countries encourage people to work a little longer to account for, longer

1:07.3

life expectancies, and to figure out how to incorporate gig workers into their retirement

...

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