Nearly 6.8 million Latino workers would benefit if Congress raises the minimum wage to $10.10 per hour, according to the new AFL-CIO study Closing the Gap to the American Dream. While Latinos comprise 16% of the country’s workforce, they make up nearly one-quarter of the workers who would be positively affected by raising the minimum wage. According to the report:
Too many Latino workers are vulnerable in this economy. Living in a state of financial insecurity, many workers who are employed full-time are trapped in low-wage positions. These nearly 6.8 million Latino workers would greatly benefit from a raise in the minimum wage. A $10.10-an-hour salary would provide higher take-home income, improved employment prospects and increased opportunities to save for retirement.
AFL-CIO President Richard Trumka says, “Raising the minimum wage is long overdue for all working families in America.” He adds:
Every day, millions of Latinos go to work but struggle to support their families. Many of them are paid poverty wages well below their white and African American counterparts in an economy with ever increasing costs of living. These working families are frequently forced to forgo basics—food, housing, clothing—and rely on public assistance to make ends meet.
Throughout the nation, Latino workers are struggling with high rates of unemployment, low wages and a dire financial outlook for retirement. Latino men are paid just 67.3% of their white counterparts and 89.0% of their black counterparts. Latinas are paid just 73.4% of their white counterparts and 87.0% of their black counterparts.
Yanira Merino, the AFL-CIO’s national immigration campaign manager, says, “Latino and Latina workers are consistently underpaid and underappreciated.”
This is wrong. Latinos work hard every day to build this nation and deserve to be rewarded with wages that can support their families and put food on the table. We stand with Latino families everywhere, advocating for policies that will allow each and every one of us to reach the American Dream.