At present, the Latinx community is both the largest minority group and the youngest, with estimates that predict the community will make up 25% of the US population by 2026. Yet the facts behind the overall economic health of the community remain dismal: Latino men typically earn about 74% of every dollar made by their Caucasian counterparts, with Latina women facing an even steeper gap of just 54%. While Latinx are more likely to pursue entrepreneurial endeavors, they are often disproportionality impacted by a lack of capital access, frequently face higher housing costs, hail from indigent upbringings, and are half as likely as Caucasians to graduate from higher education. In July 2020, the White House issued an executive order entitled the “Hispanic Prosperity Initiative” aimed at creating greater pathways to education and economic opportunity for those in the Latinx community. Yet, given the government’s lack of support for the community, some wonder if this initiative will truly make a difference.
This session takes a concentrated look at both the opportunities and threats facing Latinx’s economic growth, and what companies should be doing to contribute to positive changes for their own Latinx employees and community.