“Only 40 percent of the adult population on the island is employed or looking for a job — versus a U.S. labor force participation rate of 63 percent.  Of course, many Puerto Ricans work for less than the minimum — in the black-market economy, which is untaxed. In other words, the minimum wage also helps explain Puerto Rico’s lack of revenue with which to service its debt.  Also killing the demand for, and supply of, labor are the island’s onerous overtime, paid-vacation and job-security regulations.  And even at the minimum wage, full-time work in Puerto Rico pays less than the combined package of welfare, Medicaid and food stamp benefits for which a family of three might qualify.”

https://www.washingtonpost.com/opinions/puerto-ricos-lesson-for-the-mainland/2015/07/08/24e63970-25ad-11e5-b77f-eb13a215f593_story.html

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