Equitable Growth: Turning Diversity into an Asset
The face of America is changing. Any day now, more than half the babies born will be nonwhite. In the past decade, people of color accounted for 92 percent of our total population growth—up from 65 percent in the previous two decades. California, Hawaii, New Mexico, Texas, and the District of Columbia already have nonwhite majorities, as do nearly 50 metropolitan regions. At a time when much about the future is uncertain, our demographic future is clear: by the year 2050, we will be a majority people of color nation.
Our growing diversity can and should be a source of strength in an ever-globalizing international economy, but this cannot happen without a significant change in course. Inequality is at an all-time high and racial disparities in income, wealth, health, education, and opportunity are wide and persistent.