HispanicTips has 40,214 stories & 100,000+ visitors a month..
Posted on: May 13th, 2008
Filed Under: [ Business ] [ Top Stories ] [ Your Money ] [ Blogante Business ]
Tags: midwest
Newsletter readers - Don't forget HispanicTIPS - Gracias, Tomás
The economic downturn unfolding across the United States is imposing a particularly punishing toll on Hispanics, a group that was among the primary beneficiaries of the expansion in recent years. What had been a story of broad and steady advances has given way to growing joblessness, diminishing paychecks and lost homes.
The boom in American housing generated millions of new jobs for those willing to engage in physically demanding tasks, from factory work churning out floorboards, carpeting and upholstery, to landscaping, roofing and janitorial services. Latinos occupied widening swaths of these trades and filled large numbers of relatively high-paying construction jobs.
As a great influx of Latino immigrants spread beyond the initial entryways of the Southwest into smaller cities and towns across the South and the Midwest, many found employment doing much of the unpleasant work shunned by those with better prospects.”*
Stumble it! |
|
Other posts that may interest you
Virginia Dare to focus on Hispanic fruit flavors
Top Mexican banker predicts rising impact on Latin America from U.S. recession
Blogante News for Tuesday - May 13th, 2008
Hispanic Radio Conference: Selling Radio In A Recession
Mexican music remains dominant Latin genre in U.S.
Mexico Is Well Prepared to Face U.S. Recession, Carstens Says


