Posted by Elena del Valle on November 20, 2019
By Gabriela Lechin
Senior vice president
Global Results Communications
Gabriela Lechin, senior vice president, Global Results Communications
Photo: Global Results Communications
Despite accounting for less than 20 percent of the United States population, Hispanics accounted for 82 percent of the United States labor-force growth participation between the years 2010 and 2017. Gross Domestic Product (GDP) among Hispanics in America grew at a faster rate than the overall United States economy during this time, increasing from $1.7 trillion in 2010 to $2.3 trillion in 2017, according to the 2019 LDC U.S. Latino GDP Report by the California Lutheran University, making it the third-highest growth rate among all global economies during that period on a compounded annual basis. Some of the main influences powering this performance are Hispanics healthy growth in population, their increasing consumer spending and high labor-force participation. According to the report, the financial contribution of the Hispanic community in America will become progressively significant in the upcoming years of the country’s economy.
Click to read the entire Guest Article by Gabriela Lechin: Finding the silver lining in cultural appropriation