Things That Matter

Don’t Tell White Supremacists, But Latinos Are Going To Drive Most Of The US Economic Growth

If it hasn’t already been apparent that Latinos are a big force in the U.S. economy, a new study argues that the group is the future for gross domestic product (GDP) growth. According to the Latino Donor Collective U.S. Latino GDP Report, which was prepared by California Lutheran University, the study says the economic contribution of the U.S. Latino community will become increasingly vital moving forward to the economy.

The study says that the GDP among U.S. Latinos made huge leaps within the last decade, up from $1.7 trillion in 2010 to $2.3 trillion in 2017. On a compounded annual basis, that’s the third-highest growth rate among all global economies in that period. GDP among Latinos also grew at a faster rate than the overall U.S. economy during those eight years. This can be mainly attributed to high labor-force participation, large population growth and increasing consumer spending.

The reports highlight the strides and economic growth that Latinos have had in recent years. More importantly, it makes the argument of how vital this population group will be to continue moving the U.S. economy as a whole. “Latinos currently are and will increasingly become a critical foundation of support for the new American economy,” the study says.

It’s no surprise as the Latino population has made an immense impact on the U.S. as a whole in the last decade, whether its through education, socially and now economically.  

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The study, which was released last month in concurrence with the L’Attitude conference in San Diego hosted by The National Association of Hispanic Real Estate Professionals, argues why these advancements are now finally being seen by Latinos. This generation of Latinos is expected to make some of the biggest contributions in the coming decades due to being well-positioned than previous generations. 

During previous waves, most notably the during the ’50s and ’60s, U.S. Latinos were more likely to be immigrants who worked in low-wage jobs in positions like agriculture and construction, according to David Hayes-Bautista, director of the Center for the Study of Latino Health and Culture at UCLA and an author of the study. Now, as the population group has settled in and has made social advancements, the Latino workforce is expected to be very different.

As these generational gaps increase, so does the median age of Latinos in the U.S. which is currently 46 years old. While on the other hand, their children’s median age stands at 19. This essentially means that this forthcoming Latino demographic is set to enter a workforce more prepared, whether financially or educationally, than any previous one. That can be attributed to having access to better schools and being native English speakers. Latinos have also made huge leaps in the last decade when it comes to getting a bachelor’s degree as the number increased by 51% from 2010 to 2017, while the non-Latino educated population grew by 21 percent. 

“Given robust population growth, high labor force participation, rising incomes, and strong increases in educational attainment, we expect the significant growth premium enjoyed by U.S. Latinos to be maintained in the years ahead,” said Matthew Fienup, executive director of the Center for Economic Research and Forecasting at California Lutheran University and one of the authors of the study. 

One thing is for sure, any success that the U.S. economy is going to have in the near future can be attributed to the advancements of Latinos as well.

Credit: Unsplash

Latinos are contributing economically now more than ever and this growth will only continue as the population does. The Latino population in the U.S. is growing rapidly, which in return has increased the group’s economic role in the country. Between 2008 and 2018, the Latino share of the entire U.S. population grew from 16 percent to 18 percent. Latinos also accounted for about half (52 percent) of all U.S. population growth over this decade. 

With a bigger population group that also means more people at work. The U.S. Census Bureau estimates than Latinos will account for an additional 30 million workers that will enter the U.S. labor force by 2060.  

This is all amounting to even more growth, socially and economically, when it comes to U.S. Latinos. We can only imagine what impact the next generation of Latinos will have on this country and the strides our people will have along the way. 

READ: A Newly Restored Version of The 90s ‘Selena’ Classic Film Starring Jennifer Lopez Is Coming To The Big Screen Again

Black And Afro-Latino Businesses You Can Support To Financially Uplift The Communities

Things That Matter

Black And Afro-Latino Businesses You Can Support To Financially Uplift The Communities

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Black and Afro-Latino businesses are crucial to the growth of wealth within their communities. Latinas are the fastest-growing population of entrepreneurs. Here is a list of Black and Afro-Latino businesses you can support to help build them up.

Cafe Con Libros

Cafe Con Libros is a feminist bookstore and coffee shop serving the Brooklyn area with conversations about things that matter to the community. Though they are closed because of COVID-19, there are several ways you can continue to support the bookstore.

Azteca Negra

Azteca Negra is a textile, jewelry, and accessories line that is all about being culturally conscious. Marisol Catchings, the artist behind Azteca Negra, is a Black/Chicana artist living in the San Francisco Bay Area. Catchings also aims at recycling by reusing resources to create her products.

Kimpande Jewelry

Kimpande Jewelry is telling the history of African life and people in Puerto Rico. Eduardo Paz, the designer of the products, wanted to highlight the different African cultures brought to Puerto Rico during the slave trade. The brand is all about buying a piece of history with every piece of jewelry.

Marisel Herbal Bath & Body

Based in Puerto Rico, Marisel Herbal Bath & Body is giving people herbal and natural alternatives to the bath and body products on the market. The store, which has been dealing with the COVID-19 lockdowns, is slowly coming back to life and is offering to ship orders to customers.

Ankhari Crochet

There is something so fun about crochet. It might be that it makes us think about the vintage clothing that we have seen in our parents’ photos. It is fun, stylish, and the colors really giving us some life right now.

Ashanti Headwraps

If you are looking for some new and fun headwraps, this is the place to check out. The brand has stores in Puerto Rico and New York and the stores offer up some beautifully crafted headwraps that anyone can wear.

Pensar Africa

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Fatima – in traceable, ethically made Swag 😷😍💚 . . . Matching mask, Fanny pack and Headwrap available by custom order. DM for more information ℹ️ . . Prevention is better than cure 🦠 😷 . . Local Puerto Rican designer Sanel @disenador_sanelrivera and Pensar Africa have worked together to produced these beautiful masks to protect yourself and others from the spread of Corona Virus – best protection and prevention is to observe social distancing by staying at home but if you need to go out CDC recommends wearing a mask with two layers of tightly woven 100 percent cotton fabric. . . We have created these beautiful reversible, washable mask using high tread count pure Tanzanian 🇹🇿 cotton fabric with pellon interfacing in between for a filter. It also has a pocket to add additional filter if you choose to do so. . . Limited quantity and available in San Juan for drive through pickup only and shipped worldwide 🌍 🌎 . These masks have been disinfected, aired out, packed and ready to go. . . Fanny pack in collaboration with @jashbags . . #facetimephotoshoot with @jorlyfloress #Teamwork #togetherwecan #socialdistancing #coronavirus #protection #protectionisbetterthancure #cdcrecommendation #wearamask #stayathome #coronachronicles #protectivestyles #pensarafrica #sanelriveradiseñador #mask #facemask #santurce #sanjuan #sanjuanpuertorico #puertorico #africanprint #africanfabric #kitenge #ankaramask #africanprintmasks #afroboricua #afrolatina

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Pensar Africa is more than a place to buy things, it is a place to empower African creators. According to the website, Pensar Africa’s mission is to bring African goods to the Americas while providing the creators the opportunity to make money off of their products.

The Salvi Vegan

This food blogger is showing how you can take your favorite Salvadoran dishes and make them vegan. It is a nice reminder that not all support has to cost something. Some times you just have to show support to help those in the community attract opportunities that come with money.

Party Shop Avenue

This is one company we should keep in mind after this is all over. Who doesn’t want a nice balloon structure at their party? These are truly some beautiful pieces of art that you can use to celebrate just about anything.

READ: This Boricua Is Bringing An Indie Bookstore To Her Neighborhood Of 1.4 Million

Street Food Vending And Playing With Fire Are Two Ways To Make Some Extra Cash If You Need Some

Things That Matter

Street Food Vending And Playing With Fire Are Two Ways To Make Some Extra Cash If You Need Some

mitú

Side hustles are the lifeline for some of our friends and family. If you think about it hard enough. You will be able to think of someone in your life who makes most of their money from their side hustle. Well, mitú wanted to know more so we went to the streets to talk to people about their various side hustles.

Who knew that fire dancing was something people would consider a side hustle?

So far, “Side Hustle” co-hosts Sasha Merci and David Alvare have explored a few side hustles that were unexpected. There was the luchador who add some comedy to his costume to stand out. There was also the professional cuddler that we still can’t stop thinking about. She makes $120 an hour just cuddling.

Now, Merci and Alvarez are talking with two more entrepreneurs about their own side hustles that will leave some of you speechless. One of them has to do with food and the other has to do with fire.

Luis Jauregui turned his love for food into the food cart known as Jauregui’s Cravings.

“Nobody was really selling this at all,” Jauregui tells Alvarez. “Anywhere that you see this, you’re not going to see a food cart that’s mobile on the sidewalks. I saw that everyone was selling that (tacos and tamales). If you go here, there are like 5 tamaleros selling tamales. On the other street, there’s like two more.”

Jaurgeui adds: “Nobody was supporting me. It was only her since the very beginning. To be honest, I thought she was going to make fun of me or be like, ‘Nah. Don’t worry about. Just go get a job or something.’ But she was like, ‘If that’s your dream and you chase it, just got for it.'”

Andres Trevino is using his courage to play with fire.

“I had gone to this crazy party in the desert,” Trevino explains to Merci. “I was seeing these crazy people and they were spinning fire and I immediately wanted to do it. I walked up to a guy and I asked him if he would teach me. He was like, ‘Here. Play with it. Nobody taught me. Just go on YouTube.’”

Trevino adds: “It’s trial and error. Well, you know, if you play with fire you do get burned. There’s no shocker there. But, you want to take it very seriously. But, yeah. I’ve burned myself a couple of times.”

READ: ‘Side Hustle’ Episode 2: Nude Modeling And Friend Rentals