Monthly Archives: June 2017

Puerto Rico struggles to save historic buildings amid crisis

Another consequence of fiscal irresponsibility. http://abcnews.go.com/International/wireStory/puerto-rico-struggles-save-historic-buildings-amid-crisis-48367251 Puerto Rico struggles to save historic buildings amid crisis By danica coto, associated press ·SAN JUAN, Puerto Rico — Jun 30, 2017, 2:30 AM ET In this June 22, 2017 photo, architect Andy Rivera … Continue reading

Posted in Puerto Rico economic crisis, Puerto Rico politics and government | Tagged , , , , , , , , , , , , , , , | Leave a comment

Minimum wage study shows it’s harmful, with real world evidence and results in Seattle WA

http://www.foxnews.com/politics/2017/06/29/seattle-commissions-new-minimum-wage-study-after-dismissing-first-results.html Seattle commissions new minimum-wage study after dismissing first results By Dan Springer Published June 29, 2017 When a University of Washington study came out this week showing Seattle’s minimum wage has cost 5,000 jobs and is hurting low income … Continue reading

Posted in minimum wage laws are harmful to society | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

For Sale: Puerto Rico Territory seeks private companies to run ports, airports, ferries, and more; utilities could be next

Puerto Rico does it better as their slogan claims?  What have they done better and better than whom?  Puerto Rico politicians again choosing short-term thinking over long-term thinking by selling off critical infrastructure.   Then again, a private-public partnership is likely … Continue reading

Posted in Puerto Rico economic crisis, Puerto Rico politics and government | Tagged , , , , , , , , , , , | Leave a comment

What is Minimum Wage: Its History and Effects on the Economy

  http://www.heritage.org/testimony/what-minimum-wage-its-history-and-effects-the-economy What is Minimum Wage: Its History and Effects on the Economy June 26, 2013 31 min read James Sherk @JamesBSherk Research Fellow, Labor Economics As research fellow in labor economics at The Heritage Foundation, James Sherk researches ways … Continue reading

Posted in minimum wage laws are harmful to society | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

More real world evidence that minimum wages harm people – Seattle WA

Those who think higher minimum wages solve problems are mistaken, as it’s contrary to a common sense economic principle.  The higher the price of a good or service, the less affordable it becomes, and thus, the less of it is … Continue reading

Posted in culture and cycle of dependency, minimum wage laws are harmful to society | Tagged , , , , , , , , , , , , , , | 2 Comments

What happens if Puerto Rico increases the minimum wage? What are the consequences? More poverty, more unemployment

A well-meaning, but misguided reader suggests that minimum wages protect employees and employers. “The minimum wage was established to protect both the employees and employers from taken advantage of the other. When it is too high cost of living and … Continue reading

Posted in minimum wage laws are harmful to society | Tagged , , , , , , , , , , , , | 1 Comment

US to cut water monitoring because of Puerto Rico debt

When you don’t pay your bills, your services get cut off.   Things like this make Puerto Rico more like Venezuela.  Socialism is mistakenly thought of as “great” until the money runs out.  People are short-sighted, voting for politicians who promise … Continue reading

Posted in economic crisis, Puerto Rico > Venezuela > Socialism, Puerto Rico economic crisis, Puerto Rico politics and government | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment