The Indicator from Planet Money - The Hispanic Economic Outlook

Hispanics in the US have been disproportionately affected by COVID-19, in terms of job losses, household income and schooling. Their road to recovery could be long and hard as a result.

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Hey mon, is the indicator from Planet Money Card of here. And today I'm joined by indicator. Editor Patty Hearst Patty height elections for the first time ever Hispanics were estimated to have been the biggest group of eligible voters out of any ethnic and racial minority group more than one out of every eight eligible voters is now Hispanic you have to expect that advantage of you will will continue that is Economist Jose Fernandez because it's also a younger population. So that populations is going to continue to agent rumors who are slowly becoming a smaller part of the population and it's going to be filled by this group of three registered voters are Democrats walk through the decades in last year's presidential election former President. Donald Trump surprised. A lot of people with the number of votes. He got in heaven.

Hispanic communities in Florida and Texas was a clear reminder that Hispanics are themselves a very diverse group when it comes to Latinos or Hispanics in the US. It says label that doesn't arrive to them until they come to be us until then they're going to the truth is a whole bunch of different groups inside of that who have their own political leanings as well in those groups and their own ideas of what I a free government would look like but there are some things that many Hispanics do share the most obvious is that many are fluent or semi fluent Spanish speakers. And also they have the experience of being immigrant families about a third of all Hispanics in the US are first-generation immigrants on for roughly the past decade more than half of all the growth of the US population came from the growth in the Hispanic population. That's both because of continued immigration and also because his

Families have higher fertility rates the known Hispanic families and try to understand the US economy. It's increasingly helpful to also understand the experiences in contributions of Hispanics sister on the show Hispanic economic Outlook and the particular experiences of Hispanics throughout this code pandemic and what it could mean for their future.

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Economist Jose Fernandez is the president of the American Society of Hispanic Economist, which just released its annual report on the economic outlook for Hispanics mother wait for this episode. We are using the term Hispanics as interchangeable with Latinos. His dad is how it is used in the report and buy our guest and unsurprisingly the report focused mainly on the effects of covid-19.

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Look up the restaurant industry. There is lots of cooks that are out there if you think about personal services, so how many people have someone come over to their house to clean their house about 40% of history is Hispanics are doing that. So when you are no longer allowing household employment to come in. That's a lot going on for Hispanic workers. There's also an important distinction between the experiences of Hispanic women Latinas and Hispanic men, Monica. Garcia Paris is the former president of the American Society of Hispanic Economist, and she also contributed to study about Latinas to the new Hispanic economic Outlook concentrating areas that are very specific to service. So Leisure and Hospitality or other services in retail sectors in what do I had contact with clients and also tend to be sectors that are are flexible in the terms of time.

Use of time but also sectors that have very few benefit and overall Latinos are more likely than non Latino women to have multiple children and especially to be caring for younger children in the burden of raising the kids often Falls to them more than two Hispanic men. And so that they know score roughly in their Prime working years age of 25 to 65 participate in the labor force at lower rates than women of other races and ethnicities, but in the years right before covid-19,

Latinas are inspectors in weirdo job could be substituted by technology and during covid-19.

And everyone else forget about Hispanics are the least likely ethnic and racial minority group to have a college degree also says those gaps would likely shrinking overtime as each successive generation Hispanics integrates more into the us, but the Caps are still big in the meeting Hispanic household has less than one-fifth the wealth of the median White household until Hispanic families or less able to afford the kinds of work around they can keep their kids learning at the right pace. You're not just talkin about these twelfth-graders you talkin about these 5th graders. He's fourth graders. He's third graders. How do you teach things like reading? How do you say this type of interface assistant? I know I'm going to feel it on the shores of college when we see that their students arriving who are not ready.

and we're going to have to make adjustments to deal with with those things to deal with having them catch up there remains a lot of uncertainty about what their economic outcomes will be throughout the rest of the pandemic and after both were straightforward things like getting back their jobs and incomes and their kids learning in schools again, but also for closing the disparities that still exist between how they experience economy and how others do

this episode of the indicator was produced by Jamila Huxtable and fact check by Sam Tighe indicator is a production of NPR.
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