
The
Federal Reserve Bank of New York gathered leaders in numerous industries such
as business, nonprofit, and policy to gain insights on the impacts of COVID-19
on the economy and specifically immigrant workers. A large portion of immigrant
workers are low-skilled essential workers yet do not have the same benefits in
“healthcare, housing, economic assistance, and business support” as a citizen.
This disadvantage directly leads to less support for health and financial
recovery from the pandemic. As the pandemic shifts to a recovery stage,
policymakers need to ensure that the recovery gives equitable resources to the
immigrant community and “aim to build longer-term resilience to reduce the
immigrant community’s vulnerability to the health and economic shocks” (Dr.
Rosa M. Gil, CEO of Comunilife, Inc.). This event highlights the
challenges of the immigrants, the solutions addressed in local organizations
and home countries, as well as the effect on the immigrants' financial
wellbeing during this rough time.
The pandemic presented many
challenges for an equitable recovery for immigrants.
- About 40% of New Yorkers are
foreign-born, and over half of the city’s essential workers are immigrants.
Commissioner Mostofi from the NYC Mayor’s Office of Immigrant Affairs
acknowledges “pervasive barriers to health care and health access, housing,
food security, and stable employment” to ensure an equitable recovery.
- Despite their contract with the MTA,
immigrant workers are paid less and not refunded for their PPE as promised,
resulting in increased financial and health risks (Manuel Castro, Executive
Director for grassroots organization New Immigrant Community Empowerment).
- Gabriel Rincon, Chairman of the Board
of Trustees of Lutheran Family Health Centers, also pointed out that there
exists a trust issue between immigrants and the U.S. government and health
agencies. Some immigrants fear to die in the US and thus choose to not go to
the hospital and try to go back to their home countries.
- The Asian American community is also
suffering from an increasingly open display of harassment and discrimination as
a result of COVID-19. This has “created a real fear among Asian American immigrant
workers to stay in or return to their jobs” and made them vulnerable and harder
to employ. Landlords have even forced them out of their housing which led to
street homelessness. Furthermore, there is a need for income support for small
business immigrant owners to alleviate their hardships of "low cash
reserves, thin margins, poor credit, and lack of documentation” (Jennifer Sun,
Executive Director of Asian Americans for Equality).
- Thousands of immigrant and
undocumented students in NYC are facing disproportionate effects of the
pandemic because of their living circumstances, lack of healthcare, and jobs.
- Efforts are being made toward recovery
but more consideration for the unique immigrant circumstances is needed to make
recovery more equitable and effective.
- Nathalie Molina NiƱo, CEO of O³, calls
for action to the investors to provide “good loans, lines of credit, and equity
crowdfunding to immigrant business owners.” The company is also helping the
immigrant businesses and assisting business owners to access loans from the
PPP.
- To address financial inclusion for
immigrants, President and CEO of Inclusiv, Cathie Mahon is supporting immigrant
families and businesses through expanding their community development financial
institutions (CDFI) credit unions which specifically targets the needs of
immigrants. Some changes include accepting different forms of IDs to open
accounts, offering emergency loans for ITIN holders, providing low-interest or
zero percent emergency loans, and expanding the range of financial counseling
initiatives.
- Housing policy expert Jessica Katz,
Executive Director of Citizens Housing & Planning Council (CHPC) notes that
“NYC immigrants are more likely to be poor [and] rent-burdened.” The plan aims
to enhance language access and anti-discrimination policies in housing programs
and data collection to learn more about the immigrants' needs.
- While COVID-19 data shows
disproportionally high death cases for the Hispanic population, many of those
are undocumented immigrants. Also, the current data is likely underreported
since immigrant information is not gathered. Federal relief programs need to be
enacted “to ensure financial and health support that is broadly available”
(Judith Flores, past Chair of the Board of Directors at the National Hispanic
Medical Association).
Challenges that the immigrant
workers face affect families in the U.S. and ones in their home countries.
- The third-largest minority community
in New York, Mexicans are also facing challenges from the pandemic. Many Mexican
immigrants come from non-Spanish-speaking regions, which further complicates
their assimilation in the US. Insufficient wages lead to an inability to afford
health insurance which leads to limited access to healthcare, yet many have
pre-existing health conditions. All of these factors contributed to the high
death rate among the Mexican immigrant population.
- Fortunately, the Mexican consulate is
taking initiatives including mental health services, telemedicine access, and
hotline services to provide support for the immigrants.
- While there has been a decline in
remittances to Mexico, the new US-Mexico-Canada Agreement is expected to fill
the gaps left by the decrease in remittances.
Post by Isabel Wang. Colgate Class of 2021.