By Lisa D. Cook, a professor of economics at Michigan State University and member of the Biden-Harris transition team. Her article is republished here with permission as part of our licensing program. We welcome your comments below.

Discrimination hurts just about everyone, not only its direct victims.

New research shows that while the immediate targets of racism are unquestionably hurt the most, discrimination inflicts a staggering cost on the entire economy, reducing the wealth and income of millions of people, including . . .

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