Despite recent statements in support of racial justice many organizations fail to make good on their commitments to diversity, equity, and inclusion (DEI). In this review, we describe the role of the narrative of racial progress-which conceives of society as rapidly, naturally, and automatically ascending toward racial equity-in these failures. Specifically, the narrative of racial progress: 1) envisions organizations as race neutral, 2) creates barriers to more complex cross-race discussions about equity, 3) creates momentum for less effective policy change, and 4) reduces urgency around DEI goals. Thus, an effective DEI strategy will involve organizational leaders overcoming this narrative by acknowledging past DEI failures, and, most critically, implementing significant, immediate, and evidence-based structural changes that are essential for creating a more just and equitable workplace.