The Bank of America Global Research teams says the continued lack of diversity inside of corporate America could prove very costly to the U.S. economy in the long-run. “Continued racial inequality could cost the U.S. economy US$1-1.5 trillion in lost consumption and investment over the next decade,” BofA’s team led by Haim Israel said in an exhaustive new piece of research out on Wednesday. […] BofA offers up some simple suggestions to corporate America to start reversing the unfortunate stats. […] While public and corporate understanding of the importance of diversity has improved in recent years, we believe Inclusion hasn’t and needs to be more widely promoted. […] At the bare minimum, the performance of more diverse and inclusive companies should be springing more leaders into action.
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