05/08/2024 | Press release | Distributed by Public on 05/08/2024 23:10
SACRAMENTO - State legislators, key academics, industry experts, government liaisons, and community advocates convened today for an informational hearing of the Assembly Select Committee on Latina Inequities, Chaired by Assemblywoman Wendy Carrillo, to discuss the Economic Status of Latinas in California. The committee explored the findings of the 2024 Economic Status of Latinas in California Report by Hispanas Organized for Political Equality (HOPE), discussed systemic barriers causing persistent wage gaps for Latina workers, and heard from industry experts about policy recommendations for achieving economic parity for Latinas.
"Today's hearing underscores the urgent need to address the economic inequities faced by Latinas in California. I want to extend my deepest gratitude to HOPE for their tireless advocacy, and to all the panelists who participated in the discussions for their invaluable contributions," said Assemblywoman Wendy Carrillo (D- Los Angeles), Chair of the Select Committee on Latina Inequities. "Latinas are not only a significant portion of California's population but also vital contributors to our economy and communities. As we delve into the systemic barriers they face, it becomes clear that advocating for Latinas in decision-making spaces is not just a matter of fairness, but a necessity for our state's prosperity. I am committed to working alongside my colleagues and stakeholders to turn the insights gained from today's hearing into actionable policies that uplift and empower Latinas across our state."
Latinas represent a significant portion of California's population, comprising 20% of the state's total population and 40% of all women, and demonstrate notable strides in educational attainment and increasing economic influence. Yet, persistent disparities remain. Despite exhibiting positive economic trajectories, Latinas continue to face vulnerabilities due to comparatively lower per capita incomes and educational achievements when compared to their White counterparts. Disparities in wealth, such as variations in homeownership rates and the diversity of financial assets, leave Latinas particularly susceptible to economic fluctuations and downturns. The hearing, titled "Economic Status of Latinas in California," included expert testimony from Helen Iris Torres, CEO of Hispanas Organized for Political Equality (HOPE) and Elsa Macias, PhD., lead researcher of the HOPE 2024 Economic Status of Latinas in California Report, who provided an overview of the report and walked the select committee through its findings.
"Today's hearing marks a pivotal moment in our collective pursuit of equity and prosperity for Latinas in California. The findings of our 2024 Economic State of Latinas Report underscore the urgency of our mission: to dismantle systemic barriers and pave the way for inclusive economic growth," said Helen Iris Torres, CEO of Hispanas Organized for Political Equality (HOPE). "Together, let us forge a future where every Latina has the opportunity to thrive, where her potential knows no bounds. Our commitment to this cause is unwavering, and our resolve stronger than ever."
The Select Committee hearing also included expert testimony from:
Key takeaways from the hearing, as highlighted in the HOPE ESLR, included:
The hearing explored policy recommendations which include investing in the financial prosperity of Latinas. This includes making investments that broaden access to economic resources, facilitate the building of wealth across generations, enhance participation in financial education initiatives, and foster the sustainable growth of small businesses owned by Latinas.
The Assembly Select Committee on Latina Inequities was established for policy makers to hold hearings with an eye towards developing a more complete understanding of the issues that Latinas face in California. The goal is to gather fact-based information and insight from academic and government stakeholders, and others that will help policymakers develop appropriate strategies and responses, where necessary.
For additional information and a copy of the agenda, please visit:
https://www.assembly.ca.gov/committees/select-select-committee-on-latina-inequities-regular-session
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About Assemblywoman Wendy Carrillo
Assemblywoman Carrillo was elected to serve in the State Assembly in December 2017. She represents the 52nd Assembly District, which includes East Los Angeles, the City of Los Angeles, and South Glendale. She serves on the Assembly Committees on Appropriations, Emergency Management, Health, Labor and Employment, and the Joint Committee on Climate Change Policies. She also serves as the Chair of the Select Committee on Latina Inequities, Vice Chair of the Legislative Progressive Caucus, Commissioner for the California Film Commission, Commissioner for the Mental Health Services Oversight and Accountability Commission, and Member of the California Cultural and Historical Endowment Board.