The 2022 LDC-HITEC Latinos in Technology Report is a comprehensive analysis of the growing influence and contributions of U.S. Latinos in the technology sector. Produced in partnership with the Hispanic Information Technology Executive Council (HITEC), this report highlights how Latinos are not only consumers but also becoming significant creators, makers, and owners in the tech industry. With Latinos accounting for 78% of the net new workers in the U.S. labor force between 2020 and 2030, their impact on technology is profound and rapidly increasing.
The report provides key insights into the demographic shift that is transforming the U.S. workforce and economy. Latinos are driving over 50% of the total population growth in the country, and their presence in technology-related roles is growing at an unprecedented rate. The report reveals that Latinos are more likely to start tech companies compared to their non-Latino counterparts, with a 19% versus 14% likelihood, respectively. This entrepreneurial spirit is particularly evident in areas like AI, cloud-based technologies, and specialized software development, where Latino-owned businesses are making significant strides.
Additionally, the 2022 LDC-HITEC Latinos in Technology Report underscores the importance of fostering Latino talent in STEM fields. While Latinos currently make up 21% of the population aged 18-24, they earn only 10% of bachelor’s degrees in STEM, highlighting a critical area for growth and investment. The report calls for increased mentorship, education, and funding to support Latinos in overcoming barriers to entry and advancement in technology careers.
The report also touches on the cultural and consumer impact of Latinos in the digital landscape. For instance, Latinos are significant adopters of new media platforms and are more likely to engage with social media and streaming services compared to other demographic groups. This positions them as key influencers in the tech ecosystem, driving trends and innovations that shape the future of digital experiences.
For more detailed insights and to explore the opportunities presented by this dynamic demographic, download the full 2022 LDC-HITEC Latinos in Technology Report from the Latino Donor Collaborative website.
