Hace News:
White Paper
Why Diversity Equity and Inclusion Leaders Must Lead in AI
The demographics in both global and U.S. contexts are becoming increasingly diverse, encompassing a broader spectrum of racial, ethnic, and intersectional identities. Notably, underrepresented in senior leadership yet among the fastest-growing groups, are global Hispanics/Latinos/as/x/e, Asian Americans, and Blacks/African-Americans. These groups have profoundly impacted mainstream culture through their leadership in market trends, product innovation, and the evolution of societal diversity, equity, and inclusion, promising a brighter future.
Impact Facts
- The U.S. The Hispanic population surged to 63.6 million in 2022 from 50.5 million in 2010, representing nearly 20% of the U.S. population.
- The 26% increase in the Hispanic population was faster than the nation’s 8% growth rate but slower than the 34% increase in the Asian population. In 2022, Hispanics made up nearly one in five people in the U.S. (19%), up from 16% in 2010 and just 5% in 1970.
- Hispanics have played a major role in U.S. population growth over the last decade. The U.S. population grew by 24.5 million from 2010 to 2022, and Hispanics accounted for 53% of this increase – a greater share than any other racial or ethnic group.
- The next closest group is non-Hispanic people who identify with two or more races. Their population has grown by 8.4 million, accounting for 34% of the overall increase.
- The Latino workforce is markedly younger than other demographic groups, predominantly under the age of 25, with the most common age range from 10 to 14 years, as opposed to 60 to 64 years among non-Latinos. The Latino purchasing power year over year has risen. In the U.S. alone, the purchasing power is over $3.4 trillion.
- If equity were achieved in narrowing the Black-white income gap, Black purchasing power could increase from $976 billion to an estimated $1.6 trillion in the U.S.