This idea isn’t new, but it’s good to see U.S. News highlight an economic fact in a question-and-answer session with author Tim Harford:
One thing that’s slightly hopeful in economic analysis is that the more
competitive a market is, the harder it is to get away with racism, not
for any higher motive than profit. If you’re running a company and find
low-level managers are passing over quality applicants because of the
color of their skin, these guys are costing you money. There’s more
data now. You’re going to be able to find people making bad hiring
decisions?bad as in morally wrong and bad as in just dumb business
decisions.
