Hispanics will occupy more than 75 percent of new jobs in the United States between 2020 and 2034 — which amounts to 11 million jobs, according to the results of a new study.
The IHS study
concluded that employment growth among the Hispanic population will average 2.6 percent per year over the next 20 years. During that same time frame, according to the data, growth in the non-Hispanic workforce will fall to almost nothing, meaning Hispanics will make up 23 percent of all U.S. employment by 2034. In 2014, that figure was 16 percent.
Other findings include the number of Hispanics that speak Spanish at home, which will rise from 36.9 million to 55.4 million by 2034, and the theory that an increased amount of immigrants flocking to the U.S. will help strengthen the U.S. economy.
"The Hispanic population is a younger and faster-growing segment of the population, while trends in the non-Hispanic population are heavily influenced by the aging baby-boomer generation that is moving into retirement," said IHS economist James Gillula, the lead author of the study. "The Hispanic population will play an increasingly significant role in future U.S. employment growth."
Hispanics, according to the study's results, will account for 40 percent of all U.S. job growth in the next five years.
Immigration has been a hot-button topic in Washington for quite some time, particularly this week as the Department of Homeland Security appears to be headed for a partial shutdown because of squabbling on Capitol Hill.
Republican lawmakers trying to block President Barack Obama's executive actions on immigration, which fall under Homeland Security, have been unable to secure enough votes to hold back funding for the measure, which could result in the department having some of its funding put on hold
After a vote came up short in the Senate Monday night, Majority Leader Mitch McConnell proposed a new solution
ahead of Friday night's deadline to fund the department.
© 2023 Newsmax. All rights reserved.