WEBVTT

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Hello, my name is Baron J. Damon. I'm your certified

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philanthropic coach. We support individuals and

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businesses in crafting strategic plans for their

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charitable giving. Confused about where you want

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to start? Join me for a complimentary session

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today to explore your passions and craft a plan

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for meaningful impact. Let's make a difference

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together. Go to www .businessoflifecc .com. Welcome

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back to Questions You Didn't Ask. I'm Nyesha

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Frey, and this is the fourth and final episode

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of No Health, No Wealth, Economic Justice and

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Health Equity. Over the past episodes, we've

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explored powerful connections between money and

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health. And today we bring it all together. Let's

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get back to the conversation. I agree, Keisha.

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You know, I reflect on that just in terms of,

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you know, I'm privileged. to sit on a small but

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mighty Black Family Foundation board. And we

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do a lot with a little. And we make real impacts

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in the community and to build that social capital

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that you were talking about and that helps to

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build generational wealth in regard to the relationships,

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the trust, the advocacy, the persistence and

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consistence. innovation and creativity. And the

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fact that it is inspired by the life of a Black

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man and his family and siblings chose to carry

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on. He died young and carry on his legacy through

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a foundation that would help to invest into the

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community that helped to nurture him and invest

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into the community that is rural, that is poor,

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that is Black. But yet it yielded. this exceptional

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young Black man whose life got cut short, right?

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And so we continue to invest back into that community

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for us, by us, about us, and in partnership with

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others, right? So to your point about, you know,

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having a focus, right, that might be focused

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on Black people, but you still attract and attain

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and retain a wider audience that can find that

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to be approachable. I mean, you can be unapologetically

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Black, right? You can. So it's got to be good.

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That part. Yeah, it's got to be good. It's got

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to be good. And we talked about something. Rod,

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let me know. You good? Yeah, I'm watching y 'all

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do that magic thing. Okay, okay, okay. We watching

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you too, brother. Y 'all got y 'all own magic.

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We got to get y 'all going. You got your joy

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going on. That's right. You're a Black man, Joy.

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I love it. So I'm going to turn this a little

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bit back to a conversation that you started,

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Keisha, in regard to Black women exiting the

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workforce, right? And so we talked about the

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difference between, you know, I can't take it

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no more. I got to do something else because this

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ain't it, right? Versus being forced out. And

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so I want to talk about this trend of layoffs.

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And, you know, I've seen it on so many levels.

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We've talked about the challenges that even people

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who have degrees, that have so -called good jobs,

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right, we have in regard to health and health

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care, right? But we also know that these are

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some of the same people that are targeted for

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layoffs. And in my discussions, With a variety

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of exceptionally skilled, talented, educated

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Black people, some of what has come up, especially

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in the conversation around tech industry and

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how they use layoffs, is that sometimes they

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use layoffs to help with their balance sheet,

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stock market performance, satisfy different segments

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of their board or investors. I would like to

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hear, Farah, maybe some reflection from you about

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how does this trend of layoffs and what we now

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call restructuring, right? They also use that

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word restructuring, by corporations. Can we talk

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about how this uniquely tends to affect marginalized

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and minoritized workers and entrepreneurs, or

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mainly just workers, because we're talking about

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layoffs and restructuring, but even entrepreneurs?

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I mean, I've seen it with contracts, right? You've

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got contracts through a corporation. They're

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restructuring. They're, you know, lost a whole

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wad of money from NIH or Department of Education.

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And now as a contractor, they pulled your money.

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Now, there might be some differences in terms

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of being an employee and getting a severance.

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You know, can we just lean into that a little

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bit more and what we're seeing going on around

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us? So I think it's important that we always

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have economic mobility. I was raised in an environment

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where we all had a hustle, right? If it was Amway,

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cutting hair, you know, Shackley products, multi

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-level marketing, fixing cars, doing hair. I

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mean, we can do this, right? Selling t -shirts,

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cooking pies. selling, you know, right. Records

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out the back of the trunk, washing cars, mowing

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lawns. I guess I'm trying to say, you know, I

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know people that I know professional people that

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have, you know, other second, secondary jobs,

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if I may say so. I think it's always important

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to have economic mobility. And when you don't

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have economic mobility, you are subject to the

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market environment, which could put you in a

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layoff space. And typically they start with lowest.

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value employees or lowest. And we really have

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to be mindful and concerned with AI coming in

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on this impact to really, you know, job repurposing

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going from human to computers and our ability

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to really reposition our skill sets to lead those

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computers. or to do something that's like you're

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not going to ai a plumber right and i'm not going

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to ai a barber and i'm not going to ai my real

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estate agent i mean you know certain things you're

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not going to ai so i think it's important to

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recognize that markets have ebbs and flows but

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technology is moving at a vicious rapid pace

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that makes things happen really quickly and impact

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the families and lives of people who are at the

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bottom of the list and i'm not talking about

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people that are necessarily at the bottom i'm

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talking about these six well you may not be replaced

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by ai but with ai assistance you may not companies

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may not need to have as many people because they

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can be assisted by ai so we see this in the doctor's

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office where They don't need to have a transcriber

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or a scribe in there because they're using AI

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to help them with their notes and to document.

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So instead of needing more doctors or more scribes

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to help with the record keeping, we don't need

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to have as many physicians to see the same number

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of patients. We don't need as much support staff.

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in order to make sure that we're meeting all

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the regulations. So it's not even a matter of

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completely being replaced. At this point, it's

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the fact that AI is providing so much support

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that they'll need less of the people. So it still

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is taking away jobs in that area as well. And

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you're right. And then when I say the bottom

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of the pit, it's not the bottom realm of the

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economy. I mean, it's the bottom of every...

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You're hearing, your perception is saying the

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bottom of the income stratosphere. I'm saying

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the lowest on the stratosphere from zero to 50,

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the lowest on the stratosphere from 100 to 50,

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the lowest on the stratosphere from 200 to 100.

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It's the ones at the lowest part of that salary

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when they start doing reduction that they start.

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Oh, look, I'll even say with real estate, right?

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We've been relying on AI for a long time. We've

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just been calling it an algorithm. So when we

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talk about whether we're using the websites to

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look at what real estate is available to purchase,

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even as we have our conversations with agents,

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you know, we're not going, I'm an agent myself.

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It's not like back in the day when you went to

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a real estate agent. And they had a big old binder

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with pictures of houses that you were going through.

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And then they put things out for you. Now you

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come in ready. Like I've looked at three houses.

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These are the ones I want to look at. Make that

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happen. They're like a facilitator. So it takes

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less time, right? So we've been relying, whether

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it's Siri or Alexa, any of these, we've been

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relying on AI. It's just, it's much more in front.

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It's not just a convenience. Like, oh, let me

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find some like silly fact. We're saying the quiet

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part out loud. Exactly, exactly. And so that's

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definitely the difference. And the schedulers,

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and like I said, even the higher levels where

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AI, we've seen this in the computer industry

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and the tech industry, where it's like, well,

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with our AI and algorithms, yes, we still need

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a human, but we don't need quite as many humans.

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And that... disposable factor usually are the

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most marginalized people in the room. That's

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right. If you're enjoying the show as much as

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we love creating it, consider showing your support

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one helps us continue to produce develop and

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sustain the high quality content you've come

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to expect from questions you didn't ask thank

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you for your continued support and let's keep

00:11:37.740 --> 00:11:42.120
the conversation going so i've got a couple more

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questions i know that we are coming really close

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to the end what are some of the ripple effects

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of These layoffs, restructuring, shifts, market

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ebbs and flows. What are some of the ripple effects

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on people's health as a result of that? I'm thinking

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about folks who are 20 years into a career, inching

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toward retirement. But not quite close enough

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to get the benefits. That part. Well, that's

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why that insurance being tied to employment.

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Right. And if you you don't quite qualify for

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Medicaid and that's where folks who are working

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class, well, people who are working class but

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think they're middle class are vulnerable. Right.

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Those are the folks that are vulnerable because

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you're you make too much money to qualify for

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Medicaid, but not enough money that you can just,

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you know, we can dip into a savings so that you

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can can just pay things out of pocket. Right.

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You know, that's where the unemployment really

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takes a toll. And then on top of that, what we

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haven't discussed is, you know, when black people

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make more money, we also are usually subsidizing

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other family members. Right. So it's not just

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your own household. It's the money that is going

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out to fill in the gaps that the government policies

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are leaving behind. Right. So there's that ripple

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effect. So it affects your health. Like you may

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be paying for another family member's medicine

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or their co -pays. And then now you don't have

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that money. That means that not only are you

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not paying for yourself, you're not paying for

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that other family member's needs as well. Yeah.

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And then you've got the mental health issue of

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self -esteem. A lot of people, their jobs is

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who they are. And so if I'm no longer working

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for a big healthcare company in this community,

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that I'm no longer who I think I am, right? That

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creates all kinds of systematic things that could

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happen bad inside the house, right? And which

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will create things that could happen that comes

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out exterior to houses breaking up, houses being

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sold. I mean, I can go on and on, but I think

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the oppression, of losing your job when it is

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key to your lifestyle can provide a real oppression.

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And if you have no faith and no economic mobility

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and lack of confidence, depression sits in and

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depression manifests itself in ways that is unhealthy

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for your physical body. And it can actually come

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out and hurt other people's physical body by

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the way you treat them and it manifests yourself.

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And we're not even talking around things like

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suicide, right? Exactly. No, absolutely. And

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that's a big part of the conversation that we

00:15:05.690 --> 00:15:09.970
also need to have is how we can reframe your

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experience, right? So it may be that the job

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that you are in or that you were in It's no longer

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there. And you can mourn that briefly. But when

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people talk about pivot, you know, you got to

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pivot. It doesn't mean that you have to lose

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your purpose or lose your soul. It doesn't mean

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that you're a sellout. It just means that you

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have to repackage yourself in a way so that you

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can pay the bills. And there is no shame in that.

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Oftentimes, what we don't talk about, especially

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in my area, you know, I look at racism and health,

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racism and education. I look at, you know, gender.

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I look at Black women. Basically, all my favorite

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words are banned by the federal government. And

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so I'm always thinking about, well, what can

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I compromise on and what are the non -negotiables

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so that I can. make sure that I am still serving

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the people who need it the most and that I'm

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also true to myself. And it is, you know, more

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difficult at different times, but I've been here

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before this. There's nothing new under the sun.

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You know, we've been here and. We've had to be

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self -sufficient and make a way and create partnerships.

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It may be new to some of the younger folks, especially

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people who graduated college in the last five

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years, and they got used to having open conversations

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about racism and systems. And I remember talking

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about the relationship between racism and health

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was more taboo. Like, you're never going to get

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funded if you say that. You might be able to

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say perceived discrimination in health. Like,

00:16:53.889 --> 00:16:58.299
those, maybe. You know, so I know what that is

00:16:58.299 --> 00:17:00.639
and I know what it was like where even then you

00:17:00.639 --> 00:17:04.059
could just have to say experiences, not even

00:17:04.059 --> 00:17:07.119
perceived. So I know the way that we have to

00:17:07.119 --> 00:17:12.759
learn from our elders, the folks more senior

00:17:12.759 --> 00:17:15.160
than us. How did you do it before so that we

00:17:15.160 --> 00:17:17.960
can learn from those mistakes and learn from

00:17:17.960 --> 00:17:21.579
their success so that we can move forward? And

00:17:21.579 --> 00:17:25.019
is it even worth fighting for? Right. I got plenty

00:17:25.019 --> 00:17:27.359
of folks leaving academia, not just leaving the

00:17:27.359 --> 00:17:29.339
corporate structure, but leaving academia and

00:17:29.339 --> 00:17:31.500
saying, you know what? I can build something

00:17:31.500 --> 00:17:35.299
better on my own. That's okay. Before you fight

00:17:35.299 --> 00:17:37.559
to get back in a system that didn't work for

00:17:37.559 --> 00:17:41.259
you, like, is this really what you want? Or is

00:17:41.259 --> 00:17:44.380
it to make sure it's not just your ego? To figure

00:17:44.380 --> 00:17:48.059
out ways to use this as a time to pivot, to reflect,

00:17:48.380 --> 00:17:53.460
to move forward. And also, Think of the long

00:17:53.460 --> 00:17:57.660
term. So the decisions that you make today, you

00:17:57.660 --> 00:18:00.940
have to live with five years from now. You know,

00:18:00.940 --> 00:18:04.380
so those are also the things that you have to

00:18:04.380 --> 00:18:07.500
consider in this moment for your own mental health.

00:18:07.779 --> 00:18:11.599
And sometimes, you know, you have to make decisions

00:18:11.599 --> 00:18:13.799
that you're not happy about or you may not even

00:18:13.799 --> 00:18:17.740
be proud about. But this is the situation you're

00:18:17.740 --> 00:18:19.900
in. If you know why you're making it and for

00:18:19.900 --> 00:18:23.640
how long. You work it on that. But if you live

00:18:23.640 --> 00:18:27.480
in a space of shame, it's going to spiral you.

00:18:27.640 --> 00:18:30.299
You are going to spiral into depression and you're

00:18:30.299 --> 00:18:32.220
going to have to, you know, if you know why,

00:18:32.380 --> 00:18:35.920
you know where I'm doing this in order to get

00:18:35.920 --> 00:18:38.990
that. I may have to compromise on this, but I'm

00:18:38.990 --> 00:18:42.069
still able to hold on to this other very important.

00:18:42.190 --> 00:18:44.730
Like these are the things that we have to talk

00:18:44.730 --> 00:18:47.990
about more openly so that it's not in secret.

00:18:48.069 --> 00:18:50.970
It's not in shame. And so that we can share our

00:18:50.970 --> 00:18:53.609
resources and figure out, do we just need to

00:18:53.609 --> 00:18:57.509
build something new? Well, I love where you're

00:18:57.509 --> 00:19:00.349
coming from. Go ahead, Farad. No, I was snapping

00:19:00.349 --> 00:19:03.210
fingers. She right. All that stuff is a part

00:19:03.210 --> 00:19:06.390
of, you know. We want to talk about physical

00:19:06.390 --> 00:19:08.549
health, but I think we need to really deal with

00:19:08.549 --> 00:19:13.069
this mental health. It's important because that

00:19:13.069 --> 00:19:15.309
also determines if you can be successful in your

00:19:15.309 --> 00:19:19.269
economic space. It also helps if you're employable.

00:19:20.269 --> 00:19:24.109
Absolutely. If you are friendly enough to run

00:19:24.109 --> 00:19:26.859
a business. Right. So all the characteristics

00:19:26.859 --> 00:19:30.900
of skill sets. Know yourself well enough to know

00:19:30.900 --> 00:19:33.359
that you're not a people person. That means you

00:19:33.359 --> 00:19:36.200
need to partner with the people person. Amen.

00:19:36.519 --> 00:19:40.579
I don't like networking. I know this about myself.

00:19:40.900 --> 00:19:46.500
I got friends that can work a room. I want to

00:19:46.500 --> 00:19:52.460
go home. So, you know, know who is the appropriate

00:19:52.460 --> 00:19:55.990
partner and don't. Don't expect them to be you.

00:19:56.069 --> 00:19:59.109
Expect them to be them and work on everybody's

00:19:59.109 --> 00:20:05.769
strengths. Amen. So before we leave, we always

00:20:05.769 --> 00:20:09.890
leave on a high note. I want you to tell me something

00:20:09.890 --> 00:20:16.190
new, exciting, innovative that either you're

00:20:16.190 --> 00:20:19.009
working on or that is inspiring you that you

00:20:19.009 --> 00:20:22.069
would like to share with other people. The things

00:20:22.069 --> 00:20:27.730
that make me positive is that here are the thing

00:20:27.730 --> 00:20:30.450
that actually I can't say I can't point to a

00:20:30.450 --> 00:20:32.089
specific project because I'm not going to lie

00:20:32.089 --> 00:20:38.049
to you. But what I can say is that I do have

00:20:38.049 --> 00:20:43.349
a lot of hope. Like my hope is still is still

00:20:43.349 --> 00:20:47.210
there. My hope, my faith. Because I know that

00:20:47.210 --> 00:20:51.309
other people in my own families, in my communities

00:20:51.309 --> 00:20:57.160
have survived much more creative. well thought

00:20:57.160 --> 00:21:01.039
out plans than the things that I am facing with

00:21:01.039 --> 00:21:04.440
less resources. And so that's what keeps me going

00:21:04.440 --> 00:21:08.160
is that my faith, my hope, and my knowledge that

00:21:08.160 --> 00:21:11.440
this is not forever. It may be longer than what

00:21:11.440 --> 00:21:14.319
I would like, but that's what keeps me going.

00:21:14.440 --> 00:21:19.319
And I try to remind the people I'm around that

00:21:19.319 --> 00:21:24.420
they have options. Yeah, I got to tell you, for

00:21:24.420 --> 00:21:28.000
me, it's the thing I'm working on is I've got

00:21:28.000 --> 00:21:30.380
four kids. It's just trying to keep them going.

00:21:30.460 --> 00:21:33.700
Right. I mean, for them to be the next generation.

00:21:34.119 --> 00:21:37.039
And I've got parents and I'm truly the sandwich

00:21:37.039 --> 00:21:41.119
generation child. And being able to take the

00:21:41.119 --> 00:21:45.400
baton from the previous generation and pass it

00:21:45.400 --> 00:21:48.200
forward to the next generation with the hope

00:21:48.200 --> 00:21:54.670
that they will be able to. face the current condition

00:21:54.670 --> 00:21:58.049
and overcome them, much like the past, right?

00:21:58.150 --> 00:22:01.309
So being mindful that the future is brighter

00:22:01.309 --> 00:22:04.450
than the past and that we're going to have to

00:22:04.450 --> 00:22:08.609
create the new future in teaching skill sets.

00:22:08.890 --> 00:22:11.369
And I'm going to take your comment. It's like

00:22:11.369 --> 00:22:16.430
we were blessed to have trailblazers like Dr.

00:22:17.490 --> 00:22:22.769
Sandy Darity before us. And then we get a chance,

00:22:22.970 --> 00:22:27.670
us three, to be settlers, right? Because they've

00:22:27.670 --> 00:22:31.230
already went through the trees, carved it down,

00:22:31.410 --> 00:22:35.470
put a road. So now we riding on the road like

00:22:35.470 --> 00:22:39.089
it was there, but they went through it. And now

00:22:39.089 --> 00:22:41.130
that we're in an environment where people are

00:22:41.130 --> 00:22:45.109
tearing down what we built as settlers, we're

00:22:45.109 --> 00:22:47.690
going to have to now become, as you say, Keisha,

00:22:47.809 --> 00:22:51.319
turn around to our elders and say, We need to

00:22:51.319 --> 00:22:55.480
build the next spaceship because to build the

00:22:55.480 --> 00:23:00.160
next something, right? And your energy, your

00:23:00.160 --> 00:23:04.160
entrepreneurialism, your excitement, your fortitude,

00:23:04.259 --> 00:23:08.680
your perseverance that you had, I may not have

00:23:08.680 --> 00:23:12.799
had that as conditioned in me as it was in you.

00:23:13.099 --> 00:23:18.160
So I need to take lessons from you so I can take

00:23:18.160 --> 00:23:22.099
that. and build it on my ingenuity to be ready

00:23:22.099 --> 00:23:25.339
for the next generations to succeed. So I've

00:23:25.339 --> 00:23:29.579
been spending a lot of my time trying to be inspirational

00:23:29.579 --> 00:23:33.180
to my children and trying to be also very inspirational

00:23:33.180 --> 00:23:37.299
to others, reminding them that I need them to

00:23:37.299 --> 00:23:40.160
be better and not to be discouraged, because

00:23:40.160 --> 00:23:43.779
I think that's the devil's greatest tool. It's

00:23:43.779 --> 00:23:45.900
discouragement. People think it's money and jealousy.

00:23:46.140 --> 00:23:48.359
I'm like, nah, it's discouragement. Because once

00:23:48.359 --> 00:23:50.339
you're discouraged, all that other stuff happens.

00:23:51.079 --> 00:23:53.140
So it's going to be important as a community

00:23:53.140 --> 00:23:56.519
that we become more collective and selfless.

00:23:57.059 --> 00:24:00.819
And our selflessness will also help, I think,

00:24:00.839 --> 00:24:04.180
others to want to ally, be allies with us because

00:24:04.180 --> 00:24:07.240
they see that we are building. We're not, you

00:24:07.240 --> 00:24:09.339
know, the devil is roaring around like a lion

00:24:09.339 --> 00:24:12.500
trying to devour. We got to make it. Are we going

00:24:12.500 --> 00:24:15.279
to be eaten? Or are we going to say, okay, devil,

00:24:15.299 --> 00:24:19.500
let's go because I'm ready, right? And so I don't

00:24:19.500 --> 00:24:22.019
know. I think right now we need to be preparing

00:24:22.019 --> 00:24:26.519
the next generation to be superheroes because

00:24:26.519 --> 00:24:31.500
they're going to have work to do. Yes, deep breath,

00:24:31.819 --> 00:24:36.019
deep breath. And I know that there are several

00:24:36.019 --> 00:24:39.519
questions. that I did not get a chance to ask

00:24:39.519 --> 00:24:44.839
in this conversation. And I'm just hopeful. I'm

00:24:44.839 --> 00:24:48.980
just hopeful. Yep, I'll be saying no more questions.

00:24:49.640 --> 00:24:56.440
No more questions. But I hope that we have a

00:24:56.440 --> 00:24:59.019
part two for this. And we have talked about Dr.

00:24:59.180 --> 00:25:02.680
Darity. spoken about his work. For those of you

00:25:02.680 --> 00:25:06.779
who have not heard of him, Dr. William, aka Sandy

00:25:06.779 --> 00:25:10.200
Darity, is the father of stratification economics.

00:25:10.700 --> 00:25:13.779
We have been talking around it, and I'm looking

00:25:13.779 --> 00:25:17.160
forward to when we can talk. on it, in it, and

00:25:17.160 --> 00:25:19.740
through it. But I'm thankful for each of you,

00:25:19.779 --> 00:25:22.720
Farah, Keisha. Thank you, brother and sister,

00:25:22.900 --> 00:25:26.079
for making this another really successful show.

00:25:26.339 --> 00:25:28.740
Tell your families, thank you for allowing me

00:25:28.740 --> 00:25:32.940
to borrow you and that I appreciate them. And

00:25:32.940 --> 00:25:34.799
we're going to keep moving forward advancing

00:25:34.799 --> 00:25:38.720
health equity together in our own way. Hallelujah.

00:25:39.339 --> 00:25:39.940
Hallelujah.
