How does increasing the pool of labor not decrease the price of labor?
This is economics 101.
This is economics 101.
Wait, are you saying there has not been a push among corporations to increase diversity?
>In 2003, MIT professor Thomas Kochan noted that companies were spending an estimated $8 billion a year on diversity efforts. But since Trump’s election, and with the emergence of movements like #MeToo and Black Lives Matter, the industry has exploded. A 2019 survey of 234 companies in the S&P 500 found that 63% of the diversity professionals had been appointed or promoted to their roles during the past three years. In March 2018, the job site Indeed reported that postings for diversity and inclusion professionals had risen 35% in the previous two years.
People who ignore how large their competition was to begin with tend to develop terminal exceptionalism.
This isn't even a strawman in this case, since the company in question is literally cutting pay to its workers for the sake of minorities.
The capitalists are very good at starting a race war to keep workers from uniting.
2) The poster I replied to stated that lower labor costs were the primary goal - and I refuted that. You seem to think I am stating something I am not.