Puerto Rico could lose 200 thousand more jobs

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

0 Sidenotes

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

Advertisements

About worleyf

Semi-retired Media Relations guy, former radio and TV reporter and legislative aide. Middle of the road Libertarian (as if that actually existed) who reviews current news items and stories, and offers an alternative point of view.
This entry was posted in Economy, Politics, Poverty, Puerto Rico, Regulation and tagged , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s