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Recursion

(56,582 posts)
Mon Dec 2, 2013, 02:28 PM Dec 2013

Neat paper on the economic benefits of workplace diversity

http://faculty.chicagobooth.edu/erik.hurst/research/HHJK.pdf

(PDF, sorry...)

In 1960, 94 percent of doctors and lawyers were white men. By 2008, the fraction was just 62 percent. Similar changes in other highly-skilled occupations have occurred throughout the U.S. economy during the last fifty years. Given that innate talent for these professions is unlikely to differ across groups, the occupational distribution in 1960 suggests that a substantial pool of innately talented black men, black women, and white women were not pursuing their comparative advantage. This paper measures the macroeconomic consequences of the remarkable convergence in the occupational distribution between 1960 and 2008 through the prism of a Roy model. We find that 15 to 20 percent of growth in aggregate output per worker over this period may be explained by the improved allocation of talent.


And, unsurprisingly, the time period where non-white-male workers were adding such staggering amounts to aggregate output was precisely the time period in which businesses stopped sharing the profits of that productivity with workers...
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Neat paper on the economic benefits of workplace diversity (Original Post) Recursion Dec 2013 OP
That is just a profit sharing coincidence, I'm sure ... 1StrongBlackMan Dec 2013 #1
 

1StrongBlackMan

(31,849 posts)
1. That is just a profit sharing coincidence, I'm sure ...
Mon Dec 2, 2013, 03:41 PM
Dec 2013

Just think of all the wealth that was re-directed, out of circulation.

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