THE ECONOMIC CASE FOR LGBT EQUALITY

A treatise on how restricting LGBT rights negatively impacts global economies.

In the latest entry in the publisher’s Queer Action/Queer Ideas series, economics professor Badgett presents a persuasive case for LGBT rights within financial arenas and how those promote broader liberties. Drawing from a wealth of research studies, the author scrutinizes the tangible losses from unfair discriminatory practices. Her argument centers around the conviction that LGBT inclusion and unilateral equality are critical to the long-term prosperity of businesses and the economy. While LGBT discrimination erodes community morale incrementally over time, the same is true “from an economic perspective”—eventually, “it adds up.” Examining education, employment, and health care, for example, Badgett clearly outlines the tremendous humanitarian benefits of workplace equality, anti-bullying school regulations, and other initiatives that pave the way to greater economic growth, improved employee retention and productivity, diversified workforces, and a healthier populace. She describes how these ideas are already gaining momentum around the world, with global brands proudly aligning with their LGBT employees with respect to fairness practices and tolerance regulations. The author is at her analytical best in her discussions of the toll inequality takes on commerce. She shows how exclusionary practices rob businesses of vital personnel and damage reputations, citing World Bank studies, interviews, and personal anecdotes from local sources alongside countries like Canada, India, South Africa, and the Philippines. In the final chapter, Badgett offers logical action items for business leaders and prospective activists as well as for readers already involved in social reform advocacy. Though the opinions and language of economists and human rights advocates may differ, the base-line goals are inclusion and equality for the LGBT community. The author’s concise, sound arguments demonstrate why it is necessary to “expand freedom and equality” across the globe.

Both a convincing discussion and a call to reformative action for LGBT equality across economic sectors of the world.