Report details Hispanic workers economic contributions


In commemoration of National Hispanic Heritage Month, a recently released Congressional Hispanic Caucus (CHC) and the U.S. Congress Joint Economic Committee (JEC) report details Hispanic workers’ contributions to the nation’s economy.

© Shutterstock

The effort was spearheaded by Reps. Raul Ruiz (D-CA) and Don Beyer (D-VA), and examines the manner in which Hispanic workers are aiding the progression of economic recovery and serving as future economic growth catalysts.

Per the report, Hispanic total contribution to the economy is estimated to be over $2 trillion despite being among those most impacted by the COVID-19 pandemic. The report also acknowledges that there are challenges suppressing earnings, negatively impacting working conditions and reducing quality of life.

“Hispanic families have carried the brunt of the COVID-19 pandemic while courageously stepping up, helping the U.S., and risking their lives as essential workers on the frontlines to keep us safe, healthy and fed,” Ruiz said. “The report by the Joint Economic Committee under Chair Don Beyer’s leadership clearly shows America’s Hispanic workforce is driving economic growth today and will continue to do so for years to come.”

Beyer said Hispanic workers, families and businesses are integral to society and the nation’s economy.

“During the darkest days of the pandemic and economic crisis, many Hispanic workers put their own lives and the lives of their families at risk to carry out the essential work and care that was needed to keep the country going,” he said. “And despite suffering disproportionate job losses during the recession, Hispanic workers, who are returning to work in higher numbers than other workers, are helping to fuel the economic recovery.”

The post Report details Hispanic workers economic contributions appeared first on Financial Regulation News.