Research and Assessment from
The National Policy Institute
October 2008: Issue Number 803
All NPI publications can be found at:
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NATIONALPOLICYINSTITUTE
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Cost of Diversity
The Economic Costs of Racial and Cultural Diversity
Edwin S. Rubenstein and the Staff of NPI
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T
he Cost o Diversity is a ollow up to a study by Peter Brimelow and Leslie Spencer, “When quotas replacemerit, everybody suers,” Forbes, February 15, 1993.Edwin S. Rubenstein, under the sponsorship o the National Policy Institute, has updated this groundbreaking study and expanded it. The “Economic Costs o Racial and Cultural Diversity” puts the annual wasteat over $1.1 trillion dollars. To make this Washington size number comprehensible Rubenstein breaks it intocosts and benets expressed by amily groups. Asian amilies pay the most and Hispanic amilies get most.Farther along the ood chain whites give up less and blacks get less.By training and experience Mr. Rubenstein is well credentialed to take on a study o this magnitude. He isPresident o ESR Research, economic consultants, and has 25 years experience in business research, nancialanalysis, and economics journalism. Mr. Rubenstein joined Hudson Institute, a public policy think tank head-quartered in Indianapolis, as Director o Research in November 1997. At Hudson he wrote proposals andconducted research on a wide array o topics, including workorce development, the impact o AIDS on SouthArica’s labor orce, Boston’s “Big Dig” the economic impact o transportation inrastructure, and the utureo the private water industry in the U.S.As a journalist, Mr. Rubenstein was a contributing editor at
Forbes
Magazine and economics editor at
National Review
, where his “The Right Data” column was eatured or more than a decade. TV appearancesinclude Firing Line, Bill Moyers, McNeil-Lehr, CNBC, and Debates-Debates. In The Right Data (
National Review
Press, 1994), Rubenstein debunks many widely held belies surrounding the distribution o income,government spending, and the nature o economic growth.Mr. Rubenstein is also an adjunct ellow at the Manhattan Institute where he is principal investigator in theinstitute’s ongoing analysis o New York State’s budget and tax structure. He also published a newsletter devotedto economic statistics and contributed regularly to
The City Journal
, the Manhattan Institute’s quarterly.From 1980 to 1986 he was senior economist at W.R. Grace & Co. where he directed studies o govern-ment waste and ineciency or the Grace Commission.From 1978 to 1980 he was a municipal bond analyst or
Moody’s Investors Service
where he was alsoeditor o the
Bond Survey
, a weekly review o the municipal bond market. He served as senior quantitativeanalyst or the Oce o the Mayor o New York City rom 1973 to 1978. He also was sta economist or theNew York State Commission on Education (the Fleischman Commission), and was principal investigator on astudy o multinational corporations published by the Institute or Public Administration. Mr. Rubenstein hasa B.A. in economics rom Johns Hopkins, and an M.A. in public nance rom Columbia University.In addition to detailing the inequity o current laws and practices the National Policy Institute oers thebeginning o a solution. In 1995 an Equal Opportunity Act was introduced in Congress by Senator Robert Doleand Representative Charles Canady. The intent and language was on point then and is even more pertinentnow. In part the bill provided that:
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