May 3, 2005

STEALING ALL THE SWEET, SWEET JOBS:

Hispanics Gaining Jobs But Suffering Worse Wage Losses in U.S. Labor Force (Pew Trusts, May 2, 2005)

Hispanic workers accounted for more than 1 million of the 2.5 million new jobs created by the U.S. economy in 2004. But Hispanics are the only major group of workers to have suffered a two-year decline in wages and they now earn 5 percent less than two years ago, according to a Pew Hispanic Center analysis of latest data from the Bureau of Labor Statistics and the Census Bureau.

Recently arrived Hispanic immigrants were a leading source of new workers to the economy but also among the principal recipients of wage cuts in 2004.

"Despite strong demand for immigrant workers, their growing supply and concentration in certain occupations suggests that the newest arrivals are competing with each other in the labor market to their own detriment," said the report's author, Rakesh Kochhar, a senior research associate at the Center.

The vast majority of new jobs for Hispanic workers were in relatively low-skill occupations calling for little other than a high school education. In contrast, non-Hispanic workers secured large increases in employment in higher-skill occupations requiring at least some college education.

"Hispanics and whites, the two largest groups of workers in the economy, are finding new jobs in such different occupations that they appear to be on separate paths in the labor market," said Kochhar, a veteran labor economist.


Rats! Guess the kids better go to college after all.

Posted by Orrin Judd at May 3, 2005 5:05 PM
Comments

Hopefully to the Junior College in Vera Cruz, or Cadeyreta.

Posted by: h-man at May 3, 2005 6:30 PM

They're eating their own?

And less money remitted to Mexico?

No wonder why their side called for closing the borders.

Posted by: Sandy P. at May 3, 2005 10:03 PM

Going rate for day labor on Florida's Treasure Coast is $10 an hour. Down from $12 after the hurricanes. Not back breaking worth around here at all. Mostly landscape touch-up stuff.

Get a kick out of the Central Americas. They have more cash than most working for hourly wages. They ride bicycles. A few homes near me are underground restaurants for the workers. Good filling meals. Not easy for an Anglo to get reservations but worth the effort.

Posted by: David at May 4, 2005 2:41 AM
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