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I know but perhaps he could have used a fuller phrase like "financial equity". If he's fighting the woke agenda, he should know that 'equity' is one of the three cornerstone words.

Diversity, equity, and inclusion (DEI) is a term most used to describe a training format in the workplace. DEI training is utilized to encourage functional knowledge of fellow employees' identities and how to navigate diversity in an organization.[1] That said, the concept of DEI has a much broader scope of application. “Diversity” describes a wide variety of differences that may exist amongst people in any setting, including race, ethnicity, nationality, gender and sexual identity, disability, neurodiversity, and others. This is the cause of the need for DEI awareness. “Equity” is the concept of providing equal opportunities through a personalized approach, utilizing unequal distribution of resources to ‘level the playing field.’ Applying equity includes factoring in a variety of disparities within society that affect individuals to varying levels. Equity is the application of principles encapsulated by DEI. “Inclusion” details the desired outcome; ensuring that those who fall under the title of “diverse” genuinely feel safe, welcome, and included. Inclusion is a step past integration, where diverse individuals blend completely into the environment without a second thought.