Beyond the Zero Sum Game How Closing Racial and Gender Gaps in the Labor Market Benefits Everyone (video, 1:24).
Narrator
All too often, people have this idea of an economic pie where one group’s gains come from another group’s losses. That’s a zero sum game.
But what if there’s another way?
What if a more equitable distribution can make the pie bigger and benefit everyone?
Our Labor Market Equity Simulation helps you envision that possibility.
Federal Reserve experts simulated GDP gains for each state and Washington DC by closing racial and gender gaps in the labor market along four key measures: earnings, employment, educational attainment, and hours worked.
Closing the gaps translates into widespread economic and social benefits, shared prosperity, and a more inclusive economy.
Closing gaps is not a zero sum game. Results would benefit everyone.