Despite a concerted effort by many institutions, government entities, and other left-wing forces to push “diversity, equity, and inclusion” (DEI) initiatives on private businesses, 2023 saw a greater decrease in such measures than previous years.
As reported by the Daily Caller, the total number of businesses with a designated DEI budget dropped to 54% in 2023, down four points from 58% in 2022. In the same period of time, the number of organizations with a DEI strategy declined by 9%. Both of these statistics were compiled by the consulting firm Paradigm.
“After two years of unprecedented investment sparked by 2020’s racial justice movement, this year, global momentum around DEI slowed,” the report from Paradigm states in part. “There are a number of headwinds contributing to this shift: the first is economic uncertainty that not only led to reduced spending across the board, it also firmly shifted the power balance back to employers.”
After a slow, behind-the-scenes effort to implement such radical DEI initiatives across the country, there was an explosion in the number of companies pursuing such objectives in the aftermath of the race riots in 2020,…
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