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DEI was a product of a zero interest rate environment
by tempsy 4y ago
DEI was a product of a zero interest rate environment
- nxm 4y agoI always saw it as a form of virtue signaling. Keep dividing people so that they don’t focus on the corporate profits and economic equality
- thedailymail 4y agoCould be a somewhat expensive form of signalling subsidized by cheap / easy money under ZIRP.
- version_five 4y agoI'd say more generally the product of not enough market competition. It's the equivalent of animals that evolve to signal fitness through useless plumage or ornamental antlers. The Canadian banks are a good case study in this regard (not just with respect to diversity). They have no competition and are completely undifferentiated so instead just focus on irrelevant fitness signalling that has no relation with the actual services they offer (which consist of exploiting monopoly power to a screw their customers). The same has been in effect true in tech, so we end up with initiatives like the one under discussion instead of focusing on a product or service