New Study Calls into Question Whether DEI Programs Really Boost Corporate Earnings

From 2015–23, McKinsey & Company, a multinational strategy and management consulting firm, released four separate studies showing that DEI initiatives boost corporate earnings. Unfortunately for DEI advocates, the research appears to be bunk.

Source: New Study Calls into Question Whether DEI Programs Really Boost Corporate Earnings - FEE

Picking a candidate based on some diversity characteristic is the very definition of racism. It isn't clear to me why "diversity, equity, and inclusion" initiatives would be a net positive to a company's bottom line anyway. If you are hiring someone for a job, as the person responsible for making that decision, shouldn't you be looking for the most qualified candidate regardless of race, sex, or any other 'diversity' attribute? In some special circumstances, those factors might matter for the job but as a general rule for how to pick a candidate for a job, it makes no sense. There's nothing wrong with diversity and certainly no candidate should be excluded because of one of these characteristics. But that's sort of the opposite of what DEI does. If it is 'including' candidates based on diversity, that means it is excluding others based on the lack thereof.

It should come as no surprise then that studies that supposedly show that such measures help companies financially have been proven false. This should be common sense. Hiring the most qualified candidate is far more important that hiring the candidate that best increases diversity. If there are companies out their who improved their bottom line by implementing DEI initiatives, that probably means they weren't hiring the most qualified candidates in the first place.