By Selwyn Duke
“New research makes it increasingly clear that companies with more diverse workforces perform better financially,” proclaimed McKinsey & Company in 2015. McKinsey’s study was taken seriously, too; in fact, it would be transformational.
Citing McKinsey in 2016, the Harvard Business Review announced, definitively, “Striving to increase workplace diversity is not an empty slogan — it is a good business decision.” Woke capital leviathan BlackRock made McKinsey Exhibit A when making the case for a board-diversity target of 30 percent, Nasdaq and a Securities and Exchange Commission figure touted it when lobbying for policies pressuring companies to embrace diversity, and multitudinous activist groups have done likewise while encouraging various diversity-oriented social-engineering schemes. There’s a problem, however:
The McKinsey study, it turns out, appears to be hogwash.
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