The Economic and Business Case for LGBT+ Inclusion in the Czech Republic
Businesses support LGBT+ inclusion and the freedom to marry in the Czech Republic
Open For Business partnered with Jsme Fér to produce an Economic Brief on the economic and business case for LGBT+ inclusion in the Czech Republic, with a specific focus on the freedom to marry. A number of companies in the Open For Business coalition publicly support the research and the freedom to marry in the Czech Republic.
The freedom to marry is a strong step toward a more open and LGBT+ inclusive society, which is good for business and economic growth. Our Economic Brief outlines a handful of propositions describing how marriage equality can benefit businesses and the economy.
Close the skills gap: LGBT+ inclusive societies are more effective at attracting and retaining skilled workers. Signalling openness through the freedom to marry could play a strong role in closing the skills gap.
Increase national productivity: LGBT+ discrimination in society and in the workplace acts as a drag on national productivity by lowering output and inefficiently allocating human capital
Boost innovation and attract foreign direct investment: Evidence shows that LGBT+ inclusive environments foster greater innovation and attract higher levels of foreign direct investment.
Reduce administrative burden and improve business performance: The freedom to marry can reduce some of the administrative burden placed on companies and create a supportive environment for companies to implement inclusive policies that boost performance
The Cost of LGBT+ Discrimination in the Czech Republic
Evidence presented in this report shows that LGBT+ discrimination in the Czech Republic has real costs to the economy. These costs come from a number of angles and have been found to occur in economies around the world. In this report, we investigate the impact of unequal health outcomes, economic discrimination and missed revenue of same-sex weddings.
