Comment Re:Here we go (Score 1) 129
"Companies who have a diverse workforce have higher profits"
It is way more complicated, and those McKinsey reports are deeply flawed. Mainly because they are not scientific and they do not prove causation. In those reports the word 'correlation' is used quite often - from scientific point of view this is garbage.
Here is short explanation:
All big and successful US companies are pressured to implement DEI, by activist investors and government. As they grow bigger they can afford to hire less capable but more 'diverse' people, and they do so to avoid lawsuits. Those hires are somewhat detrimental to the profits, but lawsuit would be way worse. US is leading in some industries, so US companies are shown as the most profitable - and by the means of forced DEI they are also the most "diverse". There is no control group here, we don't know what would have happened if those big companies weren't forced to do DEI hiring.
Plus there are more flaws:
1) Companies in McKinsey reports are not the most diverse - they merely have more DEI hires in senior management. The reports that you cited are all about upper management, not workforce.
2) Those are merely reports by HR company, not fully independent scientific studies. They prove what they set up to prove and were created precisely for the purpose that you used them - to provide 'pseudo-scientific' cover for DEI practices, to work as a smoke screen. There is even step-two solution for skeptics - with press and academia being mostly left-leaning it is very easy to call the people who read and actually understand the reports 'alt right bigots who oppose science'. Can you imagine McKinsey publishing reports if the results actually proved the opposite?
Read this - https://ancillary-proxy.atarimworker.io?url=https%3A%2F%2Fqz.com%2Fwork%2F2038103%2Fis...