Latino Women Taking Lead in US Economic Recovery


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By THE PULSE NEWS MEXICVO STAFF
The growing momentum of Latinas in the United States shows that these women will play a decisive role in the U.S. economic recovery, said Angélica Fuentes Téllez, one of Mexico’s wealthiest and most powerful women, in a recent interview with the Publifix news service.
Fuentes Téllez, who, along with her ex-husband Jorge Vergara, is co-owner of Omnilife nutrition supplements, Angelíssima cosmetics and the Guadalajara soccer team, and who has consistently ranked among Forbes Mexico’s Most Powerful Women, pointed out that in 2020, the United States had 62.1 million Spanish-speaking inhabitants, of which just over 30 million were second- or third-generation Latin American women.
“Latinas are a very important part of the American political, economic and social life,” she said.
Over the course of the last 20 years, she said, Latinas have occupied more and more leadership positions.
“After many years of efforts by Latin women, in which the common goal was to open equal spaces for female participation and representation in all areas and sectors, today it is possible to see women leading ventures, directing companies and holding public office positions in the United States, which sets a different course in history,” said Fuentes Téllez.
One example of these female leaders is María Elvira Salazar, a U.S. politician, journalist and host of Cuban origin considered the leading female Latino opinion leader in the United States representing the Latino community, Fuentes Téllez said.
“Just like María Elvira Salazar, there are hundreds of female entrepreneurs, activists and politicians who open more spaces of representation for other women, turning Latino women into the future of the U.S. economy,” she continued.
Although Latin women had the lowest wages among women for many years in the U.S. economy, this trend is beginning to reverse.
According to the U.S. Bureau of Labor Statistics, by 2028, Latino women are expected to make up 9.2 percent of the total workforce, up from 7.5 percent in 2018.
“Latinas are currently the only demographic group that has managed to break the record for participation in the workforce, and not just as employees, but as project leaders or managing companies,” noted Angélica Fuentes
As well as being the most active and representative workforce in the United States, Latino women are also the fastest-growing segment of the business community in that country.
According to the Latino Community Foundation data, Latino businesswomen lead almost half of all Latin companies in the United States. Two million small and medium-sized companies in the United States belong to a Latina.
According to the Latino Community Foundation data, Latino businesswomen lead almost half of all Latin companies in the United States. Two million small and medium-sized companies in the United States belong to a Latina.
“Despite Latin women being one of the main drivers of economic growth, they still have to face important biases that limit their business development,” Fuentes Téllez said.
“However, the Latin female force will continue to advance until these women obtain the representation that will allow them to continue being a growth engine.”