Despite immense investment into diversity, equity, and inclusion (DEI) initiatives over the past several years, and a backlash against those initiatives which has grown in recent months, it does not appear that they have changed the composition of the workforce substantially, as reported by the Wall Street Journal.
Following the murder of George Floyd in 2020, many businesses made public pledges to diversify the makeup of their leadership teams and broader workforces. And companies largely seemed to abide by those pledges, with total yearly spending on DEI initiatives estimated to have reached upwards of $7.5 billion. However, through an analysis of 13 million workers at S&P 500 companies, the WSJ found that this has not brought about the radical change that some might expect.
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