This report, prepared for BUS 364, investigates the impact of diversity and inclusion, focusing on age and racial diversity, in the workforce. It begins with an introduction outlining the significance of these topics and their importance in today's diverse work environments, emphasizing the authors' personal connection as immigrants and members of minority groups. The literature review summarizes findings from various studies, highlighting both positive and negative effects of age and racial diversity, such as increased innovation versus potential conflicts, and increased employee morale versus potential misunderstandings. The analysis section compares different researchers' viewpoints, offering the author's assessment of the existing material, and identifies gaps in the research. The report concludes by summarizing key findings, emphasizing the relationship between diversity, inclusion, and productivity, and the need for further research to quantify the impact of diversity on workforce outcomes. The report uses APA 7th edition citations and references scientific, peer-reviewed journal articles.