People often cite the 2019 McMinsey report as evidence that racial diversity improves company performance. However, when you dig into the details Asian represen

People 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.