Published
6 years agoon
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CalMattersThe good news is that the last decade has been better economically for Latinos living in California.
But challenges persist.
While Latino poverty rates are shrinking, Latinos still make up the largest ethnic group in the state who live in poverty.
While Latino household income is up, $56,000 per household, it is not increasing at the same rate of non-Latino whites and Asian-Americans and, statistically, is only half of what is needed to make the dream of homeownership a reality.
That’s why the California Latino Economic Institute is joining California Forward at its 2019 California Economic Summit in Fresno Nov. 7-8.
The summit is working on policy solutions to the big issues facing California: more affordable housing, job creation, preparing workers to fill those jobs and how we can make sure that these opportunities, as they are created, are sustainable and available to all Californians.
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We recognize that California is not the same everywhere and for everyone. Different regions, and their accompanying different economic structures, have challenges unique to themselves.
But shortages of affordable housing, middle class jobs, job skills and functional infrastructure plague every area of the state, and until those shortages are addressed our state’s shrinking middle class won’t expand.
We live in a state where millions of people thrive. We are proud of that.
But there are two California’s, because there are nearly 20 million Californians and millions of Latinos, who live in or near poverty. There’s no pride in that.
California’s economy is more technology focused, another area where Latinos are disproportionally under represented.
STEM workers comprise over 12% of the state’s workforce, but the percentage of the Latino population employed in the sector is less than half of that rate.
The future of work calls for us to explore new products, services, and policies to find ways to lift individuals and set them up for success in an ever-changing economy. Especially as automation continues its relentless assault on low-income workers.
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