McKinsey study shows how inclusion will boost economic growth

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A new McKinsey study shows that inclusion isn't just compatible with economic growth — it's absolutely necessary (by paulconstant)

in his capacity as a leader of global management consulting firm McKinsey & Company's Institute for Black Economic Mobility.

It's important to point out that the gains Julien is discussing are not zero-sum, winner-take-all numbers. Specifically, that 5 trillion dollars or so doesn't come at the expense of the economic value of white men — it's in addition to it. America's economy is missing out on trillions of dollars of economic activity because whole populations of people have been systematically prohibited from fully participating as consumers, workers, and entrepreneurs.

"We've done quite a bit of research on the benefits of more diverse boards and more diverse leadership teams," Julien continued,"and they actually do financially outperform their peers." The economic benefits of inclusion are becoming impossible to ignore, which is likely why"Why community participation is needed and 'commitment' isn't enough

 

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