A hallmark trait of the left is that they never bother to foresee the consequences of their goofy ideas. They just assume that the results will be rainbows and sunshine when usually the exact opposite happens. Then when it does, they just decide they will force said goofy ideas on the American public. But sometimes, the forcing of those ideas on people has very real and significant consequences. By then, they have just moved on to the next goofy idea and its negative impact that they will also continue to ignore. One of the best examples of this is the damaging concept of diversity, equity, and inclusion (DEI).
After the death of George Floyd in 2020, hundreds of American companies and corporations were scared into the idea that there had to be a twisted kind of quota for minority employees and management. Never mind whether those people were qualified for their positions, the left's obsession with DEI went full speed ahead. McKinsey is a global consulting firm and no doubt one of many firms that assisted with the DEI onslaught. But even before 2020, McKinsey was helping businesses to create a more diverse workforce. They published studies in 2015, 2018, 2020, and 2023 with catchy titles like, "Diversity Matters," or "Diversity Wins." The studies claimed that there was a statistically significant correlation between just how diverse a company's workforce was and its financial performance.
This caught the attention of a website called Econ Journal Watch. They are billed as "Scholarly Comments on Academic Economics." More specifically, McKinsey's results caught the eyes of two of its contributors, Jeremiah Green, Ernst & Young Professor of Accounting at the Mays School of Business at Texas A&M University, and John R. M. Hand, Professor of Accounting at the Kenan-Flagler Business School at University of North Carolina-Chapel Hill and a visiting professor at the University of Chicago Booth School of business. Perhaps sounding like that old wives' tale that says your car runs better when it is clean (mine does), Green and Hand attempted to replicate McKinsey's results using S&P 500 companies.
"Shockingly," Green, Hand, and Econ Journal Watch could not produce the same results. According to EconWatch, McKinsey did research that would skew the findings in a way that was desired. EconWatch went on to conclude that McKinsey's research was done in a way that indicated better financial performance allowed a company to expand DEI programs. However, McKinsey concluded in reverse, that DEI improved financial performance. EconWatch called the results "flawed." EconWatch's report said in part,
“Our results do speak to the lack of robustness of McKinsey’s studies vis-àvis large public US firms, [but] they do not speak to the connections between racial/ethnic diversity in employees and/or boards and either firm financial performance or non-financial firm goals, nor to intrafirm activities."
While McKinsey has a less-than-stellar track record with previous consulting claims, many American companies and corporations are doing away with DEI offices and personnel. Jobs in the DEI field were at their highest in early 2023 but then fell by five percent. Thus far in 2024, DEI jobs have fallen by eight percent. Zoom recently sent its internal DEI department packing, and many other large companies like Home Depot, Wayfair, and X have cut their DEI departments by as much as 50 percent. Corporations may be seeing the legal writing on the wall as groups like America First Legal, run by former Trump advisor Stephen Miller, have taken on several anti-white DEI-related discrimination lawsuits.
While many consulting firms are honest and reputable, it is a valid question to wonder if there are others out there willing to skew research results for an obvious political agenda. If the left has to lie about DEI, chances are, Americans are getting tired of it.
