{"id":5062720,"date":"2024-09-27T08:00:00","date_gmt":"2024-09-27T08:00:00","guid":{"rendered":"https:\/\/calatinonews.com\/?p=5062720"},"modified":"2024-09-27T08:00:00","modified_gmt":"2024-09-27T08:00:00","slug":"latinas-contribute-to-1-3-trillion-in-u-s-gdp","status":"publish","type":"post","link":"https:\/\/latinonewsnetwork.com\/caln\/2024\/09\/27\/latinas-contribute-to-1-3-trillion-in-u-s-gdp\/","title":{"rendered":"Latinas Contribute to $1.3 Trillion in U.S GDP"},"content":{"rendered":"\n

Latinas contributed to $1.3 trillion in GDP in 2021 (Gross Domestic Product), according to an inaugural report<\/a>. <\/p>\n\n\n\n

The report<\/a> shows that Latinas entering the U.S. workforce are overwhelmingly second\u2014and third-generation Americans, many of whom build on the work ethic of their immigrant elders. <\/p>\n\n\n\n

GDP<\/a> is the value of the total final output of goods and services produced by that economy in a certain period. <\/p>\n\n\n\n

When the GDP grows, \u201cit just offers benefits for everyone,\u201d said Dr. David Hayes-Bautista, the Center for the Study of Latino Health and Culture director at the School of Medicine at UCLA and co-author of the report.<\/p>\n\n\n\n

It leads to an increased standard of living, higher wages, increased economic mobility, and more. <\/p>\n\n\n\n

From 2010 to 2021, the number of Hispanic females in the U.S. labor force grew by 32.9%, compared to only 2.7% for non-Hispanic females.<\/p>\n\n\n\n

This makes Latinas responsible for over 20 percent of the growth of the U.S. labor force since 2010.<\/p>\n\n\n\n

Part of this increase is due to higher rates in educational attainment<\/a> despite many Latinas facing large amounts of student debt. <\/p>\n\n\n\n

\u201cOver 50 percent [of Latinas] went on to college versus only a third of their moms,\u201d Hayes-Bautista said. \u201cThat\u2019s much higher human capital and a huge leap in just one generation and on top of that, in terms of human capital, they\u2019re born here, they\u2019re U.S. citizens, they don\u2019t have to deal with naturalization, they don\u2019t have to worry about deportation, they are fluently bilingual.\u201d <\/p>\n\n\n\n

The increase also has to do with the rate in which Latinas enter the workforce. <\/p>\n\n\n\n

\u201cFor every immigrant Latina that ages-out of the labor force, two [U.S. born Latinas] age-in,\u201d Hayes-Bautista said. \u201cWhereas with the non-hispanic white, for every non-hispanic white mother that leaves [and] ages out of the labor force, less than 9\/10ths of one enters.\u201d <\/p>\n\n\n\n

This creates a \u201csling-shot effect\u201d of Latinas who can be \u201cfar more productive\u201d than their mothers, Hayes-Bautista said.<\/p>\n\n\n\n

\u201cNow their mothers helped to create the fifth largest economy by the way!\u201d he added with a smile. <\/p>\n\n\n\n

Hayes-Bautista pointed to how Latinos have been \u201ceconomically active\u201d in what is now the United States since 1513, even though the first time the government added the \u201cHispanic\u201d option under the ethnicity category wasn\u2019t until 1980. <\/p>\n\n\n\n

Research is yet to be done on which industry sectors Latinas most commonly are a part of but reports on Latinos show they are in diverse sectors like transportation, warehousing, and retail trade. <\/p>\n\n\n\n

\u201cThat’s important because it actually means that Latinos provide a broad foundation of support,\u201d said Dr. Matthew Fienup, an economist and co-author of the report. \u201cThey provide economic resilience.\u201d<\/p>\n\n\n\n

Moreover, the report was based on publicly available data from major U.S. agencies such as the Bureau of Labor Statistics and the U.S. Census. <\/p>\n\n\n\n

But \u201cthe caveat\u201d is that \u201cLatinos are under-sampled in those data programs,\u201d Fienup said. <\/p>\n\n\n\n

In 2020, the decennial census \u201cwas very revealing\u201d because it showed that they \u201cdiscovered\u201d a million and a half \u201cnew\u201d Latinos that year, Fienup said. <\/p>\n\n\n\n

In reality, they were undocumented workers who had not been previously counted in the census that is done every 10 years. <\/p>\n\n\n\n

This meant that economists and researchers had to calculate backwards from the previous nine years to ensure the figures were accurate. <\/p>\n\n\n\n

\u201cWe now know the slope of the line was too shallow,\u201d Fienup said. \u201cIt was actually steeper.\u201d <\/p>\n\n\n\n

While there remain systemic barriers that prevent working undocumented immigrants to be counted, Fienup suggested that \u201cthe economic impact of Latinos is at least as big as what we document.\u201d <\/p>\n\n\n\n

\u201cIn fact, we have reason to think it’s significantly higher,\u201d he added. <\/p>\n\n\n\n

In order to continue to see the growth in GDP, Fienup said there needs to be \u201cinvestments\u201d within the Latino community.<\/p>\n\n\n\n

This includes ensuring Latinos have access to quality education, healthcare, credit, capital and more. <\/p>\n\n\n\n

These resources will create a domino effect, allowing Latinos to increase their homeownership rates and grow their businesses more rapidly. <\/p>\n\n\n\n

Hayes-Bautista said he projects Latinas will continue to give life to the economy regardless because many have become mothers whose daughters will eventually join the workforce.\u00a0<\/p>\n\n\n\n

\u201cOne million babies were born 16 years ago in the United States, they just turned 16 this year. And there was a million babies born the next year.\u201d Hayes-Bautista said. \u201cThis has nothing to do with immigration, it’s a natural increase and it\u2019s going to continue for at least another 30 years.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cThese daughters and granddaughters of immigrants are combining the extraordinary and selfless work ethic of their elders with rapid growth of human capital to give life to the U.S. economy,\u201d said Dr. Hayes Bautista.<\/p>\n","protected":false},"author":2,"featured_media":5062722,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_uag_custom_page_level_css":"","ghostkit_customizer_options":"","ghostkit_custom_css":"","ghostkit_custom_js_head":"","ghostkit_custom_js_foot":"","ghostkit_typography":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[69,120],"tags":[284,2039,2040,3290,5649],"ppma_author":[6107],"class_list":["post-5062720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-featured","tag-1-3-trillion","tag-gdp","tag-gdp-report","tag-latinas","tag-u-s-3"],"acf":[],"mb":[],"uagb_featured_image_src":{"full":["https:\/\/latinonewsnetwork.com\/caln\/wp-content\/uploads\/sites\/12\/2024\/09\/Latina-GDP.webp",1080,608,false],"thumbnail":["https:\/\/latinonewsnetwork.com\/caln\/wp-content\/uploads\/sites\/12\/2024\/09\/Latina-GDP-150x150.webp",150,150,true],"medium":["https:\/\/latinonewsnetwork.com\/caln\/wp-content\/uploads\/sites\/12\/2024\/09\/Latina-GDP-300x169.webp",300,169,true],"medium_large":["https:\/\/latinonewsnetwork.com\/caln\/wp-content\/uploads\/sites\/12\/2024\/09\/Latina-GDP-768x432.webp",768,432,true],"large":["https:\/\/latinonewsnetwork.com\/caln\/wp-content\/uploads\/sites\/12\/2024\/09\/Latina-GDP-1024x576.webp",1024,576,true],"1536x1536":["https:\/\/latinonewsnetwork.com\/caln\/wp-content\/uploads\/sites\/12\/2024\/09\/Latina-GDP.webp",1080,608,false],"2048x2048":["https:\/\/latinonewsnetwork.com\/caln\/wp-content\/uploads\/sites\/12\/2024\/09\/Latina-GDP.webp",1080,608,false]},"uagb_author_info":{"display_name":"admin","author_link":"https:\/\/latinonewsnetwork.com\/caln\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"\u201cThese daughters and granddaughters of immigrants are combining the extraordinary and selfless work ethic of their elders with rapid growth of human capital to give life to the U.S. economy,\u201d said Dr. Hayes Bautista.","authors":[{"term_id":6107,"user_id":0,"is_guest":1,"slug":"jacqueline-cardenas-ca-latino-news","display_name":"Jacqueline Cardenas, CA Latino News","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","author_category":"","first_name":"","last_name":"","user_url":"","job_title":"","description":""}],"mfb_rest_fields":["title","uagb_featured_image_src","uagb_author_info","uagb_comment_info","uagb_excerpt","authors"],"_links":{"self":[{"href":"https:\/\/latinonewsnetwork.com\/caln\/wp-json\/wp\/v2\/posts\/5062720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/latinonewsnetwork.com\/caln\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/latinonewsnetwork.com\/caln\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/latinonewsnetwork.com\/caln\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/latinonewsnetwork.com\/caln\/wp-json\/wp\/v2\/comments?post=5062720"}],"version-history":[{"count":0,"href":"https:\/\/latinonewsnetwork.com\/caln\/wp-json\/wp\/v2\/posts\/5062720\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/latinonewsnetwork.com\/caln\/wp-json\/wp\/v2\/media\/5062722"}],"wp:attachment":[{"href":"https:\/\/latinonewsnetwork.com\/caln\/wp-json\/wp\/v2\/media?parent=5062720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/latinonewsnetwork.com\/caln\/wp-json\/wp\/v2\/categories?post=5062720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/latinonewsnetwork.com\/caln\/wp-json\/wp\/v2\/tags?post=5062720"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/latinonewsnetwork.com\/caln\/wp-json\/wp\/v2\/ppma_author?post=5062720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}