On top of that, it is a good cause this is happening for, as in stopping real racism, so this cashing out on principle turns something good into something wrong — kudos
The left uses the phrase "systemic racism". I'm not fond of the term "systemic". I prefer the idea that racism has been "structured" -- meaning built. Slavery, of course, then decades of Jim Crow law, the Klan and all that.
The modern
structuring of racial segregation began during the 1930s --1950s when the Federal government resolved to expand its long-term housing renewal program. Federal backed loans, zoning rules, location of cheap land, covenants, transportation patterns, and yes, racial prejudice, resulted in a major serration of urban / suburban space, with blacks being kept out of suburbs. What blacks received out of these programs were public rental housing. In time the public rental housing became extremely problematic (for the residents, certainly) because administration and maintenance went to hell. The quality of the public housing buildings were really fairly good, but renters do not accumulate equity in their apartments.
So, segregation of urban spaces led to segregation of school systems, since schools have been funded locally out of city / school district property taxes. Increasingly poorer cities could not provide the same level of quality which the increasingly prosperous suburbs could afford. Not initially, but over time some percentage of employment opportunities became distributed into the suburbs. Again. limited transportation options made it difficult for urban residents to conveniently (or even inconveniently) reach these locations.
All this resulted in physically excluding racial minorities from the means to advancement through quality education, equity in property, and improved employment--all factors that can lead to an upward spiral, or in their absence either a downward spiral or flatlining of income growth.
The downward spiral has, in turn, led to a reduction of 'cultural capital' in minority neighborhoods which makes it more difficult to progress economically and socially.
So, to make a long story short, that many people who are minorities are disadvantaged is true. What to do about it? Two approaches: "pull in" and "push in". 'Pull in' is the DEI EO approach: The agency or firm sets a goal for minority presence, and then goes out to find and pull in enough minorities (however defined) to meet the goals. The other approach is to wait for minority group members to agencies or firms they want to work for, and present their credentials, whatever they might be. If there are DEI / EO targets, they might or might not be met.
There are two things people on the job tend to dislike about DEI / EO programs: One is the reality or the suspicion that 'pull in' efforts hired less trained / less capable people. The other disliked feature is the training of existing employees to acquire the "proper attitudes" about minorities. The training programs can be overbearing, heavy handed, tediously obvious, and so on.
So if that doesn't work, what should be done? What should be done is the very difficult job of long-term economic development among disadvantaged people (minority or majority) to enable them (and future generations) to compete in the open markets of society. This is not an easy, quick, or cheap approach, and it is much more complex than just handing out money to people that don't have much of it. It addresses material conditions, not symbolic issues.