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Racism has cost American economy trillions

1 month ago   |   By Boston Herald

Racism has been largely framed in terms of the groups directly facing bias - communities of color who have been shut out of jobs, housing and educational opportunities, to name a few.
But a new report from Citi reveals that the insidiousness of discrimination degrades us all, and not just in moral terms. The economy lost out on $16 trillion in the last 20 years as a result of racial inequality, according to Citi's report.
“We discover that closing racial gaps is a Pareto improvement to both the U.S. economy and society,” the report said.
The study, reported in The Hill, calculated the...
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