In recent years, LGBTQIA+ Americans have become the subject of increasing anti-gay rhetoric. However, a deeper examination of the data reveals a striking paradox: gay and lesbian individuals often prove to be model citizens, excelling in education, attaining higher incomes, and making significant contributions to the economy. We aim to shed light on the valuable contributions of LGBTQIA+ individuals and explore the economic advantages of embracing their presence in society. By looking at the statistics it becomes clear that anti-LGBTQIA+ sentiments not only undermine equal rights but also hinder economic progress.
According to the research from the Williams Institute, individuals living in same-sex couples have a 17% higher likelihood of being college-educated compared to their counterparts in different-sex couples. This finding challenges the notion that LGBTQIA+ individuals are somehow less worthy to society. On the contrary, it highlights their determination and commitment to personal and professional growth. Additionally, the same study reveals that LGBTQIA+ individuals in same-sex couples enjoy an average income that is $10,000 higher than those in different-sex couples. This economic advantage not only benefits them personally but also contributes to the overall prosperity of the communities in which they reside.
In spite of this, we’re seeing a torrent of discriminatory policies from conservative jurisdictions which create hostile environments for LGBTQIA+ individuals. Many of these same-sex couples find themselves compelled to seek refuge in more progressive areas. This exodus of talented individuals not only represents a loss for the states they leave behind, but it also deprives those regions of potential innovation and economic growth. This has the potential to create a long-term drag on local and state economies that are trying to push these people out.
One very real measure of this adverse economic impact can be seen in tax revenues. Higher average incomes among LGBTQIA+ individuals lead to higher tax contributions, benefiting both local and state economies, public services, and infrastructure. Since these couples tend to earn more, they are also likely to spend more, stimulating local businesses and supporting job creation. It’s hard to argue against stimulus for Main Street as opposed to Wall Street, even if it means throwing up a rainbow flag or two in your local storefronts.
An inclusive society that values and embraces LGBTQIA+ citizens not only upholds the principles of equal rights and social justice but also paves the way for economic prosperity. It is imperative for policymakers, communities, and individuals to recognize the immense potential and invaluable contributions of LGBTQIA+ individuals, creating a society where everyone can thrive, regardless of sexual orientation or gender identity. By doing so, we can achieve a brighter future, both socially and economically, for all.
Lynn Freshour is a Research Director and reigning data nerd at GVC, an inclusion business strategy firm, as well as at Insight Squad, a DEI data analytics firm. To learn more, visit diversitystrategy.com.