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Racial Prejudice is Costing U.S. Many Billions of Dollars

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Racial prejudice is costing the United States from 15 to 30 billion dollars annually, Mrs. Oveta Culp Hobby, Secretary of Health, Education and Welfare, declared today in a speech prepared for delivery at graduation exercises at Ohio Wesleyan University.

Secretary Hobby declared that “the indulgence of this prejudice is costing the U.S. tax dollars in what must be astronomical amounts.” She added that because “people are not allowed to reach their full potential, not permitted to earn the salaries their work merits” they cannot reach their full potential as consumers and taxpayers.

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