And again my question: Do you agree that your quote from the McKinsey study is NOT arguing to "save money by hiring women"? Simple yes or no question.
It doesn't argue that point directly. It argues benefits of having more woman but doesn't argue specifically that women are underpaid.
Last, how do you think McKinsey would respond to the observation that 85% of its senior New York employees are men?
The part of the McKinsey report I quoted, says that it's not trivial to run programs to increase the amount of female senior employees.
As far as the way auto garage companies are managed, I'm not sure at all how those companies are managed and whether the management of those companies tries to implement program to raise the amount of female employees in those companies.
You can't conclude from the fact the a program to increase the amount of female personnel fails that no such program exists. Given how hard it is to correct for cognitive biases, it's not hard to imagine that most programs fail.
It doesn't argue that point directly. It argues benefits of having more woman but doesn't argue specifically that women are underpaid.
Umm, does that mean "yes" or "no"? Are you saying it's somehow implied that a firm will save money if it hires women?
The part of the McKinsey report I quoted, says that it's not trivial to run programs to increase the amount of female senior employees.
So McKinsey would say that it's too difficult for it to reap the wonderful benefits of increasing its female representation?
...As far as the way auto
LW readers have unusual views on many subjects. Efficient Market Hypothesis notwithstanding, many of these are probably alien to most people in finance. So it's plausible they might have implications that are not yet fully integrated into current asset prices. And if you rightfully believe something that most people do not believe, you should be able to make money off that.
Here's an example for a different group. Feminists believe that women are paid less than men for no good economic reason. If this is the case, feminists should invest in companies that hire many women, and short those which hire few women, to take advantage of the cheaper labour costs. And I can think of examples for groups like Socialists, Neoreactionaries, etc. - cases where their positive beliefs have strong implications for economic predictions. But I struggle to think of such ones for LessWrong, which is why I am asking you. Can you think of any unusual LW-type beliefs that have strong economic implications (say over the next 1-3 years)?
Wei Dai has previously commented on a similar phenomena, but I'm interested in a wider class of phenomena.