Silicon Valley Latino’s Post

A recent report funded by Bank of America highlights the incredible economic impact of U.S. Latinas, who contributed a staggering $1.3 trillion to the U.S. GDP in 2021! That's right—our efforts are driving economic growth at a rate nearly triple that of non-Latinos. 🌟 From breaking barriers in the workforce to achieving higher levels of education, Latinas are leading the way in economic vitality. Despite challenges, we are investing in our businesses, homes, and future, proving that we are unstoppable! 🚀 Let’s continue to uplift and support one another as we make our mark on the economy. #latinas #latinaspoderosa #smallbusinessowner To read the entire article, click here: https://lnkd.in/gWD6gs7B

Latinas made a remarkable impact on the U.S. economy, contributing $1.3 trillion to the GDP in 2021—almost double the $661 billion from 2010. This growth rate is nearly triple that of non-Latinos, as highlighted in a recent report funded by Bank of America and conducted by California Lutheran University and UCLA. Economist Matthew Fienup, one of the report’s authors, emphasized that Latinas are vital to the U.S. economy, outpacing their gender and ethnic peers in workforce participation, educational attainment, and income growth. In fact, the $1.3 trillion contribution by Latinas rivals the GDP of Florida and is only surpassed by California, Texas, and New York. Learn more about the significant economic contributions of Latinas: https://hubs.la/Q02NqGkD0 #LatinaLeadership #EconomicGrowth #GDPImpact #WomenInBusiness

Latinas are a driving force in our economy, yet the wage gap and underrepresentation in leadership persist. As a Latina entrepreneur, I see firsthand the challenges we face, but I also see the immense potential and talent that goes unrecognized. It's time to change that narrative. We need to invest in education, leadership development, and mentorship programs that empower Latinas to rise to the top.

While the playing field and wages are not equal, we are making a significant contribution to the economy. But there is is still a persistent wage gap for Latinas compared to White men and other racial groups as noted in the UCLA Latino Policy and Politics Institute study. "Nationally, Latinas working full-time year-round, on average, face a wage gap of 57 cents to every dollar paid to non-Hispanic white men. When looking at all Latina earners (including full-time year-round, part-time, and seasonal workers), the wage gap widens to 52 cents." #payequity

Hispanic women are making substantial contributions to the U.S. economy. Highlights from CNBC (Reporter: Sean Conlon): - Latinas contributed $1.3 trillion to 2021 U.S. gross domestic product, up from $661 billion in 2010, according to a recent report funded by Bank of America. - The economic output of Latinas was more than Florida’s economy that year, with only the GDP of California, Texas and New York being larger. - Still, some economists believe that Latinas’ total contribution to the country’s GDP could actually be more than what’s being reflected in the data. 📍 Full story: https://lnkd.in/gcWV4Hg7

Latinas are making significant economic contributions! According to a new report, Latinas added $1.3 trillion to the U.S. economy in 2021—outpacing Florida’s GDP and ranking just behind California, Texas, and New York. Key points: • GDP growth: Up from $661 billion in 2010, marking a 51.1% real GDP growth. • Resilience: Despite pandemic challenges, Latina GDP grew 7.7% between 2019-2021. • Labor force impact: Latina participation rates rose 7.5 percentage points from 2000 to 2021, outpacing non-Hispanic women. As drivers of economic vitality, Latinas are proving to be a growing force in the U.S. economy. #EconomicGrowth #Economy https://lnkd.in/ecHzJR6P

The Rise of Latina GDP: A Powerful Economic Force Imagine an economy larger than the entire state of Florida, driven by a force often underrepresented in business conversations—Latinas. In 2021, U.S. Latinas contributed $1.3 trillion to the nation's GDP, an economic surge that’s rewriting the narrative of growth, resilience, and influence in America. According to the groundbreaking U.S. Latina GDP report, this $1.3 trillion economic output marks a staggering 51.1% growth from $661 billion in 2010, surpassing the growth of Hispanic males and non-Hispanics. Significant educational gains, labor force participation, and income among U.S. Latinas fuel this rapid rise. Education is one of the key drivers behind this economic surge. Between 2010 and 2021, the number of Latinas earning bachelor’s degrees grew by 103%. This academic progress has translated into substantial workforce participation, with Latina labor force growth outpacing that of non-Hispanic women by 12.3 times. Despite challenges—including the COVID-19 pandemic—Latinas have also shown extraordinary income growth, with real income increasing by 46% during this period. Latinas are not just participants in the economy; they are driving its growth, making it more inclusive and dynamic. For marketers, this is a wake-up call: How can we ensure our strategies are inclusive, relevant, and engaging for this powerful and rapidly growing demographic? At RockOrange, we are dedicated to helping brands connect authentically with diverse audiences. By recognizing the immense contributions of Latinas, businesses can craft campaigns that celebrate this vibrant community and tap into their increasing economic influence. The Latina GDP report is more than just numbers—it’s a testament to the future economic power Latinas hold, dando vida a la economía (breathing life into the economy). As communicators, it’s our responsibility to ensure this growing influence is both recognized and embraced. Sources: 2024 U.S. Latina GDP Report

#hispanicheritagemonth by the numbers. #Latinas are making substantial contributions to the U.S. economy and its outpacing growth by non-Hispanics. Latina GDP grew more than five times the rate of non-Latino GDP between 2019 and 2021, gaining 7.7% compared to 1.5%. And the GDP of Hispanic men grew nearly four times the rate of non-#Latino GDP in those years at 5.9%. To help put it into perspective, The economic output of Latinas was more than Florida's economy in 2021, with only the GDP of California, Texas and New York being larger. https://lnkd.in/e9y-vJbn

Latinas are an economic powerhouse, contributing a staggering $1.3 trillion to the US economy in 2021 - surpassing the entire GDP of Florida. Yet, this number is just a fraction of the true economic potential Latinas could unlock if they were paid fairly for their work. Today, Latinas receive 51 cents to every dollar paid to white, non-Hispanic men. And they lose over $1.2 million in wages over their careers due to the pay gap. Read more about the 2024 Latina GDP Report: https://bit.ly/3Ynx21A Learn more about how the LLI is supporting Latina leaders here: https://bit.ly/4eFshWj #HispanicHeritageMonth #LatinasLead #LatinaEqualPayDay #EqualPayDay

Jalisco Forecasts Economic Dynamism for 2024: A Year of Opportunities Amidst the electoral processes shaping 2024 in Mexico and the United States, Jalisco projects a dynamic economic landscape during the first two quadrimesters of the year. According to Xavier Orendain, the General Strategic Coordinator of Economic Growth and Development, the state will face "cuesta de enero" with optimism. "I believe Jalisco will navigate this January hurdle better than other states in the Republic; we see a dynamic first quadrimester, a similarly dynamic second quadrimester, and towards the end of the year, as government changes occur, a potential slowdown in public investment," commented Orendain. The business sector in Jalisco remains optimistic, backed by the latest perception study from the Citizen Observatory Jalisco Cómo Vamos. According to the study, 91.7% of local economic actors consider that the economic situation during the fifth bimester of 2023 was better or remained as good as the previous bimester. Orendain highlighted that this optimism is largely due to the nearshoring effect and the positive impact of the exchange rate in various industries. "In general, everyone expresses seeing it just as well; in some cases, they envision it better, and in some cases, they express some concerns," he explained. Despite the typical uncertainty of electoral years, Jalisco remains on a positive trajectory. With rising metrics and the positive perception of the business sector, the state presents itself as a scenario of opportunities for 2024. In essence, Jalisco is not just weathering the storms of electoral shifts; it is thriving in them. With rising metrics, a thriving business community, and a strategic vision, Jalisco exemplifies a resilient economy that embraces change as an avenue for continued success and prosperity. #Jalisco #Economy #Nearshoring #EconomicGrowth #Elections2024 #Opportunities #ObservatorioJaliscoCómoVamos #EconomicResilience