Diversity and inclusion are just good business

How fixing inequality drives economic growth—and how your business can profit

Colorful threads on a loom Our May podcast explores how racially driven systemic inequalities in housing and mortgage practices have exacerbated the wealth gap between white and minority Americans, and what needs to happen to close it.

From lockdown to slowdown, COVID 19 intensified deep inequities in the economy. To move ahead, smart companies are embracing a diverse and inclusive labor force that mirrors their customers, communities and employees. Equality and diversity are not just good policy, but good business.

Too often, these issues are viewed through a divisive political lens. But the economics of the issue are both clear and compelling—the more inclusive the economy, the faster it grows. It isn’t a zero-sum game. Building an economy that works for each of us means an economy that provides more for all of us.

Where to start? From housing to employment to healthcare and across a variety of other interconnected dimensions, our Chief Economist Diane Swonk and her guests explore how your company can drive equality and growth in our Economics of Diversity podcast series.

Podcast 5 Housing inequality—How racial inequities drive inequality in housing, and how to change them. Diane Swonk talks with Dr. Richard Green, Director of the University of Southern California Lusk Center for Real Estate and a widely published expert on housing and mortgage policy, about the historic roots of racial inequality in mortgages and housing in the US, current systemic challenges, and potential solutions.

Chapter 1: Historical prejudice in US housing policy

Chapter 2: Why race still matters in US housing today

Chapter 3: Building a more equal future

Podcast 4 Heathcare inequality—How COVID magnified inequities in healthcare, and how your business can help Diane Swonk talks with Dr. Kathrine Baicker, Dean of the University of Chicago Harris School of Public Policy and a member of the Congressional Budget Office’s Panel of Health Advisers, about systemic inequalities in the US healthcare system and steps businesses can take to improve them.

Chapter 1: How employment and insurance create inequalities in healthcare

Chapter 2: Social determinants of unequal healthcare outcomes

Chapter 3: Towards more equal health outcomes in the US

Podcast 3 Gender inequality—COVID exacerbates existing inequality. How should your business respond? Diane Swonk talks with Uche Enemchukwu, a benefits attorney and partner at Nelu Diversified Consulting Solutions who works with a broad range of employers on benefits plan and diversity issues, about how the next economic recovery will depend on women—and what businesses can do to make sure they aren’t left behind.

Chapter 1: Why ending gender bias means a better economy for everyone

Chapter 2: Why COVID hit women harder and what to do about it

Chapter 3: Equity, transparency and intention—how your business can work to end gender bias

Podcast 2 Racial inequity—how to move from a tragic past to profitable future Diane Swonk and Dr. Walter Greason of Monmouth University, one of the America’s most prominent historians, educators and urbanists, discuss how ongoing economic bias against African Americans continues to sap the economy today—and what to do about it.

Chapter 1: Housing and closing the wealth gap

Chapter 2: Access to credit, capital and entrepreneurial support

Chapter 3: Toward equal education and a more equal future

Podcast 1 Why the economics of diversity matter—and how they can help your business In this episode, Diane Swonk and Robert Shea, Grant Thornton’s National Managing Principal for Public Policy, explain why diversity and inclusion are vital to economic growth.

Chapter 1: How systemic bias is a drag on economic growth

Chapter 2: How improved diversity can drive better decision making

Chapter 3: Where are we now? The proof is in the pandemic