McKinsey Institute’s Shelley Stewart: Black Americans and Economic Mobility

Imagine a world in which Black business owners achieved economic parity, receiving the same funding as other founders. That, alone, would create 615,000 new Black-led workplaces, according to a new report from the McKinsey Institute for Black Economic Mobility.

That report examines the racial gaps that exist across the U.S. economy. Shelley Stewart III leads McKinsey’s research on Black economic mobility in the United States and is also a partner with McKinsey’s Private Equity & Principal Investors Practice. Stewart speaks with host Porter Braswell about some of the barriers Black Americans face in the U.S. economy, as workers, business owners, and consumers. They also explore how addressing representational imbalances could create greater economic equity.