The financial costs of racism are by no means limited to Hollywood, or even the broader entertainment industry. If $10 billion sounds like a large annual price tag, consider that last year, a Citigroup economist calculated that the U.S. economy had lost $16 trillion over the past 20 years in foregone economic output by failing to address racial gaps, like racial pay disparities and Black entrepreneurs’ lack of access to equitable lending.
Excellent article - you expand on the need of acknowledging and accepting diversity as a fulcrum of our world.
Really zesty, passionate, succinct writing with actionable takeaways.
I've written an article titled "You Don't Know What You Don't Know" based on learnings from Matthew Syed's "Rebel Ideas" which focuses on the question of how we form groups with people who look, talk and think like us.
I think it's the perfect companion piece for your wonderful writing because a culture of diversity is vital to ensure optimal growth. Diversity is viewed as a politically correct, moral and social cause that comes at the cost of performance. This is a false equivalence. It is the fundamental fabric of our existence, innovation, business, motivation and politics. And not purely demographic diversity but cognitive diersity, should be the driving force.
Do let me know what you think as I'd appreciate your feedback!