Posted on 11/21/2024 5:20:13 AM PST by MtnClimber
There is an old saw that, in America, every great cause begins as a movement and eventually degenerates into a racket. This is certainly true of the past decade’s most fashionable cause: “diversity, equity, and inclusion.” What might have begun as a social movement has now become a business—and not just in the United States. According to McKinsey & Company, spending on “DEI-related efforts” across the globe totaled $7.5 billion in 2020. If trends continue, that figure will exceed $15 billion by 2026.
And, in another American tradition, government contractors have turned a profit on this fad. While it’s hard to determine the precise amount of money that Washington spends on DEI, a search for contracts, grants, and other outlays that reference “diversity, equity, and inclusion” and similar terms suggests that DEI principles were attached to more than $1 billion in federal contracts last year.
This represents a rapid change. In 2019, according to our search, the federal government awarded only $27 million in contracts with language related to “diversity and inclusion.” But after the death of George Floyd in 2020, the federal government and private contractors went all-in on DEI, seeking to implement the Biden administration’s “whole-of-government” equity agenda.
In a series of executive orders beginning in January 2021, Biden unveiled that agenda. The White House directed each federal agency to “implement or increase the availability of [DEI] training programs,” create “internal policies and procedures to support” employees “transitioning” to another gender, submit annual DEI plans and reports to a White House steering committee, establish “agency equity teams,” and appoint a “chief diversity officer” to oversee compliance. These directives created a sudden demand for DEI consulting and opened the floodgates of federal funding to private contractors who offered “expert” advice on diversity-program management. Consulting firms were delighted; they set about rationalizing and marketing a respectable front for both the ideology and their own cash grab.
The large consulting firms advertised the adoption of DEI as a moral imperative. They boasted of their spending on diversity to demonstrate their credentials. Deloitte, for example, claimed to have spent $1.47 billion on “diverse suppliers.” McKinsey committed to doubling spending on such suppliers, while investing $20 million in DEI research. Deloitte, meantime, published a report titled The Equity Imperative, which encouraged “businesses [to] take the lead in dismantling” systemic racism—preferably with Deloitte’s “premier cross-enterprise DEI analytics tool.”
These firms argued simultaneously that DEI was morally necessary and good for the bottom line. McKinsey published studies that claimed to have found economic benefits from diversity policies. Incredibly, it claimed that narrowing the “gender gap” would add $12 trillion to GDP. Economists have shown that these studies are misleading and potentially fallacious.....SNIP
I think people are getting sick of the DEI nonsense.
“Didn’t Earn It”
In other countries, such people actually have to manufacture something useful, or provide a real service, to earn a living
In America, we just give them printed money and government debt, and they support the party in power.
Just like race hustlers, trans surgery hucksters, etc DEI is just another way to feed off taxpayers.
DEI Cash Cow - The White House’s equity agenda was a boon to GRIFTING firms ?
Well, they did publish a study. D’oh.
You can add climate change to that list too.
Oh yes, plus many, many more like the Ukraine war, various weapons programs, agriculture, etc.
I$ that why long term member$ of Congre$$ continue to hold on to their $eat$ election after election.
Gravy train is about to end hopefully
Holder’s law firm in SF is running the entire DEI program.
That should tell you all you need to know.
This is why RBG didn’t retire earlier.
She did NOT want Holder on the Supreme Court.
“Every great cause begins as a movement, becomes a business, and eventually degenerates into a racket.” ―Eric Hoffer, The Temper of Our Time, 1966
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