Inode, A new report indicates that Toyota is the latest company to seemingly backtrack on its support of LGBTQ+ causes, Pride Month, and overall DEI (Diversity, Equity, and Inclusion) initiatives in an attempt to soothe its conservative customers. I already told you that Woke Inc. is failing. The free market already is working as intended: Message 34851084
I remember taking "diversity training" at a company I worked for. (Not Intel, though I imagine they set up similar training after I left.) One of the points the training slides mentioned was the results of a study, which found that increasing diversity leads to bigger profit margins.
I remember the urge to discuss this with my manager, who was a real leftist. I was thinking, "Yeah, diversity is good, but shouldn't its 'goodness' be independent of profitability? In other words, if our company believes in diversity so much, shouldn't that be pursued even at the expense of profits?"
(Of course, I never did bring it up. There was no point, because my manager wasn't HR and didn't develop the training.)
That was 10 years ago. Since then, many companies jumped onto the DEI bandwagon. Investment funds were created to support companies that had high ESG scores. The financial thinking was, "If DEI leads to bigger profit margins, then investing in DEI means increasing profits."
Of course, that didn't turn out too well.
Lo and behold, just as Woke Inc. started to fail, just as the backlash took its toll on corporate America, this article came out:
Diversity Was Supposed to Make Us Rich. Not So Much. (WSJ, paywalled)
New research questions the methodology of a McKinsey study that helped create widespread belief that diversity is good for profits
Go figure. Woke Inc. was based in part on flawed research created by those with agendas.
Again, bad science has a way of correcting itself. Bad policy also has a way of correcting itself.
Let the free market work as intended.
The alternative? Vote for Trump and give him PooTin-like control.
Tenchusatsu |
