What yns says is accurate but imagine also that the positions of "colleges & hedge funds" impact your employer, your social group, your local environment
If they care about, for example, ESG - your employer cares about ESG
If they want to make the world "vibrant and diverse" or something - your locality becomes "vibrant and diverse"
People you meet in the street maybe work for them, or they maybe feel the trickle-down effects, or they maybe have learned to use the language of the woke as a tool for personal & professional advancement
I've only ever held entry level positions that hire literally anybody that comes in for an interview so I have certainly not had the experience necessary to understand your points at face value
Like imagine that these "colleges and hedge funds" are not abstract things - in certain parts of the world they are very concrete. They are employers, they are moral arbiters, they own half the fucking land, and so on
You know how you walk around and there's like a church or something in town, or there's one single big corp hiring people & one single grocery store, & people kind of venerate these places (just putting this in terms a midwesterner could understand)
So i guess the fundamental question is whether or not you believe that hiring women and minorities will eventually elevate them in the long run vs them elevating themselves
Sort of analogous to us training and arming troops in Afghanistan who didn't care and ultimately did nothing with it
I don't actually know (or am not getting into) to what extent diversity is good or bad
Just that when the "institution" thinks it/decides on it, it matters. In parts of the world where the institution is not an abstraction but a real & material girl
I think (based on no contextual understanding whatsoever) that if this action does actually have tricklr down effects and builds a strong foundation in which these groups can be elevated and be meaningful contributors then the action is probably worth it
However i would never put myself in such a situation to make that decision and would refuse to answer this question if asked. I would also be annoyed working with incompetent people who do not deserve to be there