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Jake Grumbach

@jakemgrumbach.bsky.social

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policy, $, political economy of race // 70-80s soul, 90s hip hop // #DubNation // proud product of miscegenation // Berkeley prof (formerly: Princeton CSDP, UW)

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Jake Grumbach·Aug 14

New working paper w/ Hanna Folsz In Jan 2025 Trump issued an executive order targeting corporate DEI programs. Many companies ended DEI fearing financial risk We find that firms that kept DEI performed just as well in financial markets, revenue, etc democracypolicylab.berkeley.edu/wp-content/u...

The Trump administration has used executive authority to influence the behavior of civil society organizations such as law firms, universities, and corporations. Do corporations that resist executive orders perform worse financially? In January 2025, the Trump administration issued an executive order directing federal agencies to investigate and compel firms to eliminate diversity, equity, and inclusion (DEI) programs. Some firms complied with the order, whereas other firms resisted by reaffirming their DEI programs. We find that S&P 500 firms that maintained their DEI programs performed just as well as compliant firms, both in terms of stock market returns and revenue. The results are robust across various measures of maintaining DEI, including measures based on executives’ public statements about DEI programs, interest group ratings, firm financial statements, and shareholder rejections of anti-DEI resolutions. The results suggest that, at least in some areas, firms can resist pressure from the executive branch with minimal costs to financial performance.
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Jake Grumbach·Sep 7

Highest level of support since Gallup started asking this question a quarter century ago

Americans' Views on Immigration's Effect on the U.S. On the whole, do you think immigration is a good thing or a bad thing for this country today? — % Good thing - - % Bad thing 100% 90 80 70 60 50 40 30 20 10 0 79 17 2001 2005 2010 2015 2020 2025 The percentages who volunteer that the effects are "mixed" or who do not have an opinion are not shown. GALLUP®
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Jake Grumbach·Aug 17

Talking to some congressional insiders, it does sound like Democratic electeds, especially Senate, are incredibly opposed to working not only on weekends, but on Fridays. A massive energy disconnect between the base and electeds, and sad to see during authoritarian consolidation

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Jake Grumbach·Sep 6

The tech oligarchs at this event are the weak men in the “weak men create hard times…” meme

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Jake Grumbach·15h

just blurbin how bout you

ing that might even convince the conservative supermajority that they've t storytelling that might even convince une conservauve supermajority that they've t nation down a dark, dangerous path. Miller and Morris are the historians and truti we need. Everyone who has a sense that the slow shredding of the VRA signals a b problem with the Court needs to read it-and demand action." —David Daley, author of Antidemocratic: Inside the Far Right's 50-Year Pl to Control American Elections and Ratf**ked: Why Your Vote Doesn't Coun "Offers a deep understanding of today's stresses on democracy by drilling into the sto of America's foundational freedom: the right to vote." -Congressman Chris Deluzio Miller and Morris offer the clearest evidence yet of the ongoing need for federal voting rights protections. Their comprehensive and methodical analysis reveals a sad truth for our democracy: after Shelby eliminated preclearance racially discriminatory policies flourished not only across the South, but the country as a whole. This book should be required reading for the U.S. Supreme Court because it makes clear the inequalities that lie ahead as voting rights continue to crumble in America." —Matt A. Barreto, UCLA Voting Rights Project "Miller and Morris brilliantly trace the rise and fall of Section 5 of the Voting Rights Act— and its consequences for American democracy. With a nuanced and detailed analysis of election policy and administrative changes since the Shelby decision, An American Problem is a must-read for scholars, practitioners, and anyone who cares about voting rights." -Jake Grumbach, University of California, Berkeley "Miller and Morris, using hard data not hyperbole, demonstrate America's backsliding on voting rights: why and how it happened, and what comes next. A readable but rigorous volume." -Richard L. Hasen, UCLA Law "The Roberts court promised that gutting the Voting Rights Act wouldn't harm minority voters. Miller and Morris prove how catastrophically wrong…
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Jake Grumbach·23h

Reading the article, he doesn't just mean democracy is bad. He keeps saying, basically, that the rule of law should only be applied to commoners.

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Jake Grumbach·1d

A goal of this administration being achieved: “American pre-tax corporate earnings have grown by $1.2trn, or 30%. … And yet taxes on corporate profits have collapsed.” www.economist.com/finance-and-... h/t @talsmith.bsky.social

The unplucked goose US, revenue from corporate-income taxes, $bn 12-month moving total Actual CBO estimates* 550 500 450 400 350 300 T T 2022 23 24 25 Sources: Congressional Budget Office; Piper Sandler; US Treasury THE ECONOMIST 26 27 *Feb 2026
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Jake Grumbach·4d

CURTAINS FOR ZOOSHA? K-SMOG AND BATBOY CAUGHT FLIPPING A GRUNT

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Jake Grumbach·4d

NYT has gained monopoly power in the American liberal economy. With no comparable competition, they can say “fine, good luck elsewhere” to nearly any person, idea, or story they want US liberalism’s ideas became more based in what NYT wants, not which ideas are strongest or best. Monopoly power!

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Jake Grumbach·4d

💯 newrepublic.com/article/2160...

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Jake Grumbach·5d

When you say “c*caine” three times in the mirror this pic appears

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Jake Grumbach·5d

Got sent a 100% AI-generated email about some work stuff I responded by noting that the attached work proposal sounded very AI, "which is fine," but needed more specifics. Didn't note that the email was clearly AI too Got a response email like "How dare you, we barely use AI." 100% AI-generated.

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Jake Grumbach·5d

Andreessen & Horowitz's a16z funded firms are mostly just fraud shops--crypto scams, social media bots designed to scam humans, new types of gambling. Good to see Meta trying to compete in this area.

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Jake Grumbach·5d

Not sure where I first heard this one, but it was in the early 2010s. Questlove played a down-RPMed version in some set of his. A perfect song, truly perfect in every way Ron Carter Airto Billy Cobham Steve Kuhn www.youtube.com/watch?v=qLJ3...

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