Category Archives: minimum wage laws are harmful to society

Bureaucracy is the enemy of growth

Puerto Rico wages are lower that the lowest state, Mississippi.  An argument can be made that Puerto Rican wages are TOO HIGH, based on the low productivity and inefficiencies in conducting business with the government in PR. https://www.elnuevodia.com/english/english/nota/bureaucracyistheenemyofgrowth-2525937 Bureaucracy is … Continue reading

Posted in analysis and opinion, culture and cycle of dependency, DMV aka DTOP, economic crisis, government offices, incompetence and mismanagement, minimum wage laws are harmful to society, Puerto Ricans and Puerto Rico people, Puerto Rico economic crisis, Puerto Rico necessary improvements, Puerto Rico Puerto Rican unprofessionalism makes it difficult to conduct business | Tagged , , , , , , , | Leave a comment

A huge difference in salaries between Puerto Rico and Mississippi

How much of the lower salaries in PR are related to the inefficiencies and lower productivity of Puerto Rican workers?   Spend a day in the DMV getting a driver’s license or renewing your car compared to doing the same … Continue reading

Posted in analysis and opinion, culture and cycle of dependency, incompetence and mismanagement, minimum wage laws are harmful to society, Puerto Ricans and Puerto Rico people, Puerto Rico > Venezuela > Socialism, Puerto Rico economic crisis, Puerto Rico necessary improvements, Puerto Rico Puerto Rican unprofessionalism makes it difficult to conduct business | Tagged , , , , , , , , , , , , , , | Leave a comment

Ocasio-Cortez Laments Diner That Closed … Partly Due To Policy She Promotes

Alexandria Ocasio-Cortez reflects poorly on Puerto Rico and Puerto Ricans with her unfettered ignorance in promoting Socialism.  Capitalism spreads prosperity; Socialism spreads poverty.  Only the ignorant vote for Socialism and Socialists.  Educate yourself to understand history so you don’t have … Continue reading

Posted in culture and cycle of dependency, minimum wage laws are harmful to society, Puerto Rico > Venezuela > Socialism, Puerto Rico politics and government | Tagged , , , , , , , , , , , | 2 Comments

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

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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

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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

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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

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