4 ms·
No, there’s absolutely no proof that racial diversity directly benefits a company. I searched HARD for the evidence. Lots of articles claim it is true but purpo
by aydyn 3y ago
No, there’s absolutely no proof that racial diversity directly benefits a company. I searched HARD for the evidence. Lots of articles claim it is true but purposely mistake correlation for causation.
- bpicolo 3y agoThere are studies that have found more women is a helpful thing in the workplace https://hbr.org/2011/06/defend-your-research-what-makes-a-team-smarter-more-women https://hbr.org/2011/06/defend-your-research-what-makes-a-te...
- Manuel_D 3y agoPeople often cite the 2019 McMinsey report as evidence that racial diversity improves company performance. However, when you dig into the details Asian representation is positively correlated with company performance, but Black and Latin representation is negatively correlated. The Asian positive correlation was so strong that on the whole, lower White representation was positively correlated with company performance. That's the supposed benefit of diversity, but media outlets rarely report on the negative correlation of non Asian minorities. To be clear, I don't at all endorse the idea that Black and Latin representation negatively affects company performance. This is a textbook lesson of "correlation does not imply causation". These disparities are reflective of differences in education outcomes and employment between these groups, not that hiring an otherwise identical Asian is better than an equally qualified Black or Latin candidate.