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It wasn’t obvious that a virus from China carried by global jet setters would create tinderbox conditions for the worst race riots since the 1960s. But so it did. Perhaps one reason why: Black adults were more than twice as likely as whites to have been laid off or furloughed during the pandemic.
That’s the finding of a Fortune-SurveyMonkey poll taken late last month. The survey found 24% of black adults said they had lost their jobs, compared with 20% of Hispanic workers, 19% of Asian workers, and 11% of white workers. (Full poll results here.) Throw in a race-tinged police killing, and you have fire.
Racial unrest ended up dominating yesterday’s meeting of members of the Fortune CEO Initiative. Among those participating was Ryan Williams–a 32-year-old black entrepreneur who has built a technology-driven real estate investment platform called Cadre, which reportedly has a valuation of at least $800 million. The meeting was off the record, but Williams spoke with me afterwards.
“I could very well have been in that same position because of how I looked,” …