Increasing workers’ earning power and offering Hispanic-owned companies easier access to funding that can be used for growth can help improve the social and economic status of Latinos in the United States and across Latin America, Mexican billionaire Carlos Slim says.
In a speech at the annual conference of the Catholic Association of Latino Leaders, Slim spoke on how to better the plight of Hispanic workers and Latino-owned businesses.
Slim, ranked by Forbes magazine as the world’s second-richest person, with an estimated net worth of $72 billion, suggested establishing investment firms dedicated to working with small- and medium-size Latino businesses.
He also said that following recent economic crises, countries need to focus on strengthening the middle class as well as health care and education. READ MORE
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