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Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

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Indonesia

LGBT Discrimination Is Costing Indonesia $12 Billion a Year, Study Says

By Ryan Ho Kilpatrick
March 30, 2017, 5:15 AM ET
LGBT Activists Rally To Mark International Women's Day In Indonesia
JAKARTA, INDONESIA - MARCH 08: Lesbian, gay, bisexual, and transgender (LGBT) activists hold a rally to mark International Women's Day, on March 08, 2017 in Jakarta, Indonesia. PHOTOGRAPH BY Solo Imaji / Barcroft Images London-T:+44 207 033 1031 E:hello@barcroftmedia.com - New York-T:+1 212 796 2458 E:hello@barcroftusa.com - New Delhi-T:+91 11 4053 2429 E:hello@barcroftindia.com www.barcroftimages.com (Photo credit should read Solo Imaji / Barcroft Images / Barcroft Media via Getty Images)Solo Imaji—Barcroft Media/Getty Images

Discrimination against LGBT individuals in Indonesia could be costing the country’s economy up to $12 billion a year, according to a new study.

Researchers from the Williams Institute at UCLA School of Law pinned the potential losses on “forms of exclusion that harm LGBT Indonesians’ well-being and that would reduce their ability to contribute to the Indonesian economy.”

These include barriers to employment, education and health care access as well as having to deal with harassment and the threat of violence.

The increased amount of stress that widespread prejudice puts on LGBT Indonesians hampers their economic productivity, the study’s authors say. “People with skills are not hired at all; people end up in jobs that do not fully use their skills and knowledge; and harassment and discrimination in the workplace are likely to reduce people’s output,” the report reads.

For more about the LGBT community, watch Fortune’s video:

Altogether, the price of this inequality could range from almost $900 million to $12 billion, they calculate, based on an approach earlier developed to tally the cost of LGBT discrimination in India.

Social inclusion, the UCLA scholars conclude, could “improve economic output shared by all Indonesians, as well as realize the economic well-being and human rights of LGBT Indonesians.”


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