Hispanics are thriving in Trump economy
...Most of the media is trying to avoid this important development as are the Democrats who are openly lying about the improvement of Hispanics under the Trump economy.
... The fact is that Hispanics are flourishing in the Trump economy. Democrats asserting the contrary is a mere partisan talking point to try to deny Trump the Hispanic support he has earned and which may decide the presidential election outcome next year. Expect Democrats to increase their identity politics attacks in an effort to skew Latinos against Republicans over the next year and a half.
That will be difficult given recent economic data. This month, the Labor Department announced that the Hispanic unemployment rate fell to a record low of just 4.2 percent. Hispanic labor force participation has also increased under Trump after falling throughout the two terms of President Obama. According to the nonpartisan organization known as the Latino Donor Collaborative, Latinos are the “new face” of the American workforce, making up 70 percent of its recent surge in growth.
Contrary to Democrats claiming this is a minimum wage economy, the jobs being created are good ones. Full time jobs continue to increase at the expense of unwanted part time ones. Hispanic household income is the highest it has ever been in the United States and growing about twice as fast as the national average. Wage growth among retail and low income workers, who are disproportionately Hispanic, has been above average under the leadership of Trump. Among the 7.5 million unfilled jobs across the nation, millions pay strong middle class wages of $50,000 or more.
Where Hispanics have especially flourished is in entrepreneurship. A recent report found entrepreneurship is at its highest level in recorded history, and it is being driven by Hispanics who are nearly one-third more likely to start a business than they were in 2013 and two-thirds more likely to start a business than whites today. A recent survey found the average revenue of businesses owned by Latinos increased by 27 percent last year thanks to tax cuts. Another recent report found nearly 90 percent of Hispanic entrepreneurs plan to expand their business this year versus two-thirds for other demographics. More than 50 percent of Hispanic entrepreneurs plan to hire this year versus 25 percent for everyone else.