We are a non-profit organization that champions diversity and inclusion throughout Louisiana’s academia, businesses, and communities. The LADC creates a platform for discourse and collaboration around common inclusion issues and provides education, development, and community building opportunities for all.
We believe that diversity and inclusion is not just smart business, it’s a vital and positive aspect to every area of life. See message from our chairman.
WHY DIVERSITY MATTERS
The changing demographics of America’s consumer:
Today, people of color constitute 28% of the population.
– By 2010 people of color will represent 33% of the population
Over the last decade, the Hispanic population has grown by almost 60%., the American Indian population has grown by 19%, the African American population has grown by 17% and the Anglo population has grown by 7%.
The Asian population has grown from 1.5 million in 1970 to 10.5 million in 2000
– Over the last decade, Asians were the fast growing population at 55%
The U.S. population currently includes 31.6 million people between the ages of 12-19 (Generation Y)
– Children under 19 are twice as likely as adults to identify themselves as being of more than one race.
According to the Hudson Institute, people of color represent 16% of the work force today and are projected to surpass 30% of the total workforce by 2020.
Women make up 47% of today’s workforce
Today, 69% of women with children under the age of 18 work outside the home
By the year 2008, almost 70% of the new entrants into the workforce will be Women, People of Color and Immigrants.
The Bureau of Labor Statistics predicts that employment will grow 14% between 1998 and 2008
– The supply of workers will grow by only 12%
– The result is a projected shortage of 10 million workers
Minority consumer buying power has nearly doubled over the last decade, growing at a much faster rate than overall U.S. buying power
Collective buying power of African Americans, Asians Americans, Latinos and American Indians has reached $1.3 trillion
– Spending Power
— African American: 307.8 Billion (1990) to 645.9 Billion (2002)
— Hispanic: 207.5 Billion (1990) to 452.2 Billion (2001)
— Asian: 112.9 Billion (1990) to 296.4 Billion (Growth of 162%)
Last year, U.S. Teens spent 155 billion, 2 billion more than 1999
Companies chosen by “Next Step magazine” in the 2000 “Diversity Next Step 100”
– Nine were among “Fortune’s” 50 Best Investments to shareholders for the past 5 years (18% of the group)
– Seven were among the 50 fastest growing companies (profits) for the past 5 years (18% of the group)
– Seven were among the 50 fastest growing companies (revenues)
– 25 were included in the list of 50 most profitable companies.
The LADC is a member of the National Diversity Council (NDC).