The Economic Cost of Racism

May 8, 2021

 

In “The Inefficiency of -Isms” (June 10, 2020), I mentioned that racism was inefficient and costly.

Now Heather McGhee has written a book called The Sum of Us. As quoted by Leonard Pitts, Jr., she says,

“It’s increasingly clear that racism is not in our national interest, and it’s costing us so much, whether that’s calculated in the trillions of dollars lost to our economy because of the racial-economic divide, or it’s the lives lost in a pandemic that was made worse because of the vulnerabilities and dysfunctions of a racist economy and public health system.”

So, now you’ve heard it from someone who was willing to do the research and get actual statistics, and who’s actually published a book, instead of just randomly throwing out opinions.