This paper examines the value assigned to Spanish-English bilingualism on the US labor market via a mixed methods analysis of online job advertisements. Findings propose that Spanish-English bilingualism is often preferred or needed for work in the US, but that such employment chances are less lucrative. The outcomes propose a penalty associated with Spanish-English bilingualism in which positions listing such language requirements advertise lower wages than observationally analogous positions. Quantitative disparities and qualitative differences in the specification of language requirements across income levels suggest that bilingual labor is assigned value tvia a racial lens that leads to linguistic work undertaken by and for US Latinxs being assigned less value.