Many Hispanics are only buying essential goods and are cutting back on spending because they are worried about harassment by immigration or law enforcement officials, according to a CNBC report, which sites large retailers, advocacy organizations, and research firms.
And this isn’t just local retailers, but large economic drives like Target and Best Buy.
There’s no question that Donald Trump’s policies and rhetoric are bad for business, as evidenced by the dissolution of his so-called business councils following soft-on-Nazis remarks after the protests in Charlottesville, Va.
And then today, the New York Times, citing a Financial Times interview, reports that Gary Cohn, Trump’s top economic advisor, had drafted a resignation letter following the White House response to the deadly protests, which claimed the life of Heather Heyer, an advocate for the disenfranchised who came out to protest Nazis and the KKK.
“Citizens standing up for equality and freedom can never be equated with white supremacists, neo-Nazis, and the K.K.K.,” Mr. Cohn said. “I believe this administration can and must do better in consistently and unequivocally condemning these groups and do everything we can to heal the deep divisions that exist in our communities.”
Mr. Cohn added, “As a Jewish American, I will not allow neo-Nazis ranting ‘Jews will not replace us’ to cause this Jew to leave his job.”
As we’ve stated before, hate is morally and socially wrong, but let’s make an economic argument for inclusion as well. As we’ve reported before, establishing inclusive communities that protect its residents is good for the economy, particularly in New Jersey, where Hispanics are solely responsible for New Jersey’s population growth since 2010, with the Hispanic population growing while the non-Hispanic population remains stagnant.
- A recent U.S. Hispanic Chamber of Commerce study reported that Hispanic consumers contributed more than $1.3 trillion to the United States economy in 2016 and that sales from Hispanic-owned businesses contribute more than $668 billion to the U.S. economy, an increase of 29 percent since 2012 and nearly twice the total in 2007.
- Hispanics contribute an estimated $46 billion in purchasing power to the state economy.
- In Middlesex County alone we’ve seen a 45-percent increase in the Hispanic population since 2000, with Latinos comprising 18 percent of the county’s population.
So, if your representatives are opposed to sanctuary cities or any other policy that is intended to protect residents from living in dignity while providing necessary access to full, documented status, ask them if they have real reasons or if they are simply opposed to a policy of inclusion at any economic cost?