Tag Archives: wage

What Puerto Rico Can Teach Us About the Minimum Wage

Minimum wages are contrary to free and fair markets.  If an unskilled person is not worth what an employer is forced to pay through unjust minimum wage laws, the employer will instead choose more automation or choose to not employ … Continue reading

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Puerto Rico debt crisis drives exodus to U.S.

Puerto Rico debt crisis drives exodus to U.S. Published on Aug 13, 2015 New austerity measures are imposing more economic pain on U.S. territory Puerto Rico, which already has a poverty rate almost double that of America’s poorest state. In … Continue reading

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Puerto Rico cannot compete with other Caribbean islands due to the Jones Act, minimum wage laws, excessive debt, per Peter Schiff

Puerto Rico cannot compete with the other Caribbean islands due to the Jones Act, minimum wage laws, excessive debt, per Peter Schiff.  His mains recommendations are to eliminate the Jones Act, eliminate minimum wage laws, restructure the debt.

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Minimum wages price people out of jobs

Because WalMart and McDonald’s are so dominant and well-known, they make easy targets.  However, forgotten are the millions of small businesses that also have to comply with minimum wage laws.  In any case, the higher the minimum wage, the fewer … Continue reading

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Minimum wage laws harm the poor, not just in Puerto Rico, but all around the world

Minimum wage laws are short-sighted and harmful – especially to the young, poor, unskilled, and uneducated. There should be NO minimum wage laws, and no minimum wage. The free market should set wages. If someone’s skills have a value of, … Continue reading

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