Puerto Rico could lose 200 thousand more jobs

Half of Workforce Caught in Cross Hairs of Class-Warfare Folly

Frank Worley-Lopez   Originally published August 2, 2014 at 1:01 pm in the Pan Am Post

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An report in this summer’s edition of Regulation draws a horrific picture of Puerto Rico’s future if the federal minimum wage increases to US$10.10 per hour. The analysis details what would happen to employment if the wage were raised by the US Congress from the current $7.25.+

US$10.10 Minimum-Wage Impact (from $7.25)

	Employees Affected	Employment-Loss Estimate
Puerto Rico	471,040 – 480,461	193,610 – 203,031
US Total	22,387,175 – 23,575,380	730,906 – 1,919,111

Read the whole story in the Pan Am Post