Economic Stagnation For Hispanic Americans

Source: Algernon Austin and Marie T. Mora, Economic Policy Institute, EPI Briefing Paper #225, October 31, 2008

From the summary:
Between 2000 and 2007, the U.S. gross domestic product grew by 18% and worker productivity by 19%. Yet despite these gains, the Hispanic population did not benefit from the wealth that it helped create in the U.S. economy in this period. A new EPI Briefing Paper, Hispanics and the Economy: Economic Stagnation for Hispanic Americans Throughout the 2000s, examines the data that show how this group experienced a loss of median income and an increase in the poverty and unemployment rates. The Hispanic population began the 2000s business cycle significantly worse off economically than the nation as a whole, and they are ending the cycle in virtually the same place. For many Hispanics the current economic downturn will mean they will fall further behind the nation as a whole.
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