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Your view is not radical at all. I haven't looked at the Bloomberg numbers or the sources they cite, but it's not like manipulating data and misinterpreting sta
by Jugurtha 10y ago
Your view is not radical at all. I haven't looked at the Bloomberg numbers or the sources they cite, but it's not like manipulating data and misinterpreting statistics is something that never happened, especially by news organizations reporting causality of parameters when no statistical significance is to be found, or when the "study" was done on 30 persons.
What irks me is presenting something, anything, as a panacea and thinking in magic bullet terms. My comment isn't just about this.. This thinking would be shot down in a technical conversation, but make it about gender, race, or wealth, and everyone tie their tongue and short their brain for fear of being labeled racist, misogynist, or elitist.
Innovations where made in countries where a 100% of workers where of one ethnicity. They were made when a 100% of workers where of one gender. They are also made in companies that are ethnically diverse and employing people of different genders and sexual orientations..
What does this tell us? It tells us that what's important is to hire people who can get the job done and be trained to deliver. That's what this tells you to optimize for.
Looking at this:
>For every 10 percent increase in racial and ethnic diversity on the senior executive team at a U.S. company, earnings before interest and taxes rise 0.8 percent, the report found.
0.8% increase in EBIT for every 10% increase in racial and ethnic diversity in the C-suite? I'm willing to bet that changing the carpet or putting flowers in the patio has a bigger effect than that.
What is a 100% ethnically diverse group anyway? Is that one in which each ethnicity is only represented by one person? A company's goal is to make a profit, not to play race-Lego.
This is usually the part where I have to put the disclaimer: I am African and live in a third world country.
Though I'm from the same country and ethnicity of Saint Augustine, if that could serve as a referral to get hired..
EDIT: originally intended as a reply to fatdog's comment which was flagged before I could reply, so I replied to first child. fatdog's comment was back (unflagged?), so I deleted the reply to first child and re-replied to fatdog's comment.