The AFL-CIO has just released their 2013 Report on Latinos in the workforce titled “The Elusive American Dream: Lower Wages, High Unemployment and an Uncertain Retirement for Latinos.”
The report was bleak, highlighting that thousands of Latinos continue suffering the effects of the great recession and are either unemployed or underemployed. The current unemployment rate for Latino is 9.4 percent compared to 6.6 percent for whites and 12.6 percent for Blacks.
The news does not get better for those that are gainfully employed. Latinos’ wages increased between 2000 – 2007 but they still made less than their white and African American counterparts. The negative earnings and employment trend results in a poverty-ridden retirement for elderly Latinos.
Latino elderly adults are 60 percent more likely to be economically vulnerable than their white counterparts.
The report concluded amongst other things that the Latino worker’s condition could be made better by federal job creation programs, increase in the minimum wage and establishing citizenship for undocumented workers currently vulnerable to exploitation.