PERSPECTIVE: The attacks on DEI are costing the country trillions

The assault on diversity, equity, and inclusion (DEI) is not only bad for our economy but is also both racist and shortsighted. Let me be clear: dismantling DEI initiatives will have significant economic consequences for our nation. DEI represents just one part of racial equity. Advocates at nonprofits Policy Link and FSG contend that advancing racial equity involves a three-pronged approach. They believe that our nation’s corporations must advance racial equity within their own walls, in communities within their footprints, and in society at-large through their communication and lobbying efforts. Contact tracers, from left to right, Christella Uwera, Dishell Freeman and Alejandra Camarillo talk about a case at Harris County Public Health contact tracing facility, Thursday, June 25, 2020, in Houston. Photo credit: David J. Phillip, The Associated Press Because of book bans, changes on who is admitted to college and other attacks on racial equity, our nation’s corporations are dismantling their DEI efforts. I caution companies, however, that they do so at their own peril.& The data clearly show that diverse companies are more profitable. For example, studies by McKinsey & Company found that companies with more diverse workforces perform better financially, with a direct correlation between a diverse...