Business & Workplace

The purpose of this paper is to examine the potential impact of the current economic downturn on Hispanic workers and families, and analyze how prepared Hispanics are for the economic recession. The paper is divided into four sections: The first section briefly explores the progress made by Hispanics during the economic boom of the 1990s. The second section uses the experience of Hispanics in past economic downturns to predict how they will fare in the current economic slowdown. The third section analyzes how well prepared Hispanic workers are for the economic slowdown. The final section draws conclusions based on the first three sections.

This brief report presents estimates of the number of unauthorized immigrants in the United States in mid-2001 for three separate groups: the total unauthorized population, the Mexican unauthorized population, and the non-Mexican Central American unauthorized population. The approach to estimation used is one set forth recently by Bean, et al (2001) that extends and amplifies work originally begun as part of the Mexico/U.S. Binational Migration Study (1997; Bean, et al. 1998). The specific features of the approach are described in detail in Bean, et al (2001). Basically, the method involves subtracting estimates of the numbers of persons residing in the country legally from the numbers of foreign born persons in official government surveys (which are known to contain both legal and unauthorized persons), and then adjusting for extra undercount of such persons in the surveys. The resulting figures give estimates of various unauthorized populations in the country.

The long-term effects of the recession will likely depress employment and incomes in Hispanic communities at least through the end of 2004, and judging from historical experience that time span will be longer than for any other major population group. Even if predictions of a turnaround later this summer prove valid, pocketbook issues will vex Latinos for several years after the national economy recovers. Second-generation Latinos--U.S.-born children of an immigrant parent-- are now experiencing high job losses. In recent recessions Hispanic unemployment has fallen hardest on low-skilled immigrants. This time, young people who are the products of U.S. schools are experiencing the highest unemployment rates among Latinos. Many work in skilled occupations, including managers, technicians and professionals, and many are in the early years of household formation. Prolonged joblessness could prove a historic setback for them, their communities and the nation.

The “New Economy” of the past decade lifted the prospects of all Hispanics. Still, on average Hispanics lagged behind non-Hispanic whites, mainly due to large-scale immigration and poor levels of education.

This report examines how institutions in five cities (Austin, Texas; Cleveland, Ohio; Nashville, Tennessee; Portland, Oregon and Washington, D.C.) are adapting to the Internet as an economic development and community-building tool. The experiences in these communities suggests that the Internet is best used to encourage bottom-up initiatives, encourage and nurture catalytic individuals in communities, encourage public funding for technology programs, encourage “bridging” among groups, and encourage experimentation.

Some Americans' Internet experiences are beginning to be affected by the dot-com meltdown, but the vast majority of them are making quick adjustments to get the Web content and services they like without paying extra money

Introduction and Summary Six months into her husband’s presidency, Laura Bush has made a positive impression on the American public. A strong majority (64%) has a favorable opinion of the first lady, and most approve of the way she’s handling her job. Although her predecessor, Hillary Clinton, drew a comparable favorability rating of 60% at […]

Most Americans attribute dot-com difficulties to overeager investors looking for quick payoffs and to the poor business plans of dot-com entrepreneurs.

Introduction and Summary Psychologically, Americans have turned an important corner recently. They have become much less concerned about meeting major financial commitments, even though they say their material conditions have not dramatically improved. Heightened worries about affording health care, saving for retirement, or saving for a child’s college education have fallen off significantly in recent […]

Report Summary Despite signs of an economic turn around, Americans remain highly dissatisfied with the state of the nation, financially burdened and fearful about their futures. From an economic point of view, continued discontent with earning power of American jobs is inhibiting celebration of the economic recovery. From a political one, preoccupation with Whitewater is […]