The Unsung Impact of Latinos on the U.S. Economy
Latinos are driving the U.S. economy thanks to a rise in population, workforce participation, entrepreneurship, and economic contributions. But progress is hampered by COVID-19, discrimination, and wage disparities. “There’s no doubt Latinos are slowly being more fully integrated into the US economy. Yet there’s also no doubt there’s a long way to go, especially for first-generation Latino immigrant,” according to Lucy Perez, Bernardo Sichel, Michael Chui, and Ana Paula Calvo of McKinsey & Company, a global management consulting firm. Let’s explore how Latinos are influencing the economy now and in the future. Latino Population Growth Latinos account for over 18.5% of the total U.S. population. As the Latino population has continued to grow rapidly, it has ...
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