Labor cost in the Puerto Rican economy.
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Labor cost in the Puerto Rican economy. by Simon Rottenberg

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Published by Labor Relations Institute, College of Social Sciences, University of Puerto Rico in Río Piedras .
Written in English



  • Puerto Rico.


  • Wages -- Puerto Rico.

Book details:

LC ClassificationsHD4994 .R68
The Physical Object
Pagination66 p.
Number of Pages66
ID Numbers
Open LibraryOL6106028M
LC Control Number51062595

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Oppressive labor regulations choke Puerto Rico’s economy. The island’s labor laws discourage companies from operating in Puerto Rico and have driven its labor force participation rate down to. This volume is a theoretical and empirical examination of human resource growth and change in postwar Puerto Rico. The study is empirically based, but emphasis is given to econometric results as opposed to econometric methods. The main concern is with issues of economic efficiency. In particular, the book focuses on efficiency in the use of human resources during rapid industrialization. Puerto Rico's economy is affected by the same factors affecting the US economy. The downturn in the US economy that began in negatively impacted the Puerto Rican economy more severely than the mainland economy. The Septem terrorist attacks on the United States also had an adverse effect on the Puerto Rican tourist industry. Employment in Puerto Rico’s only large county, the municipio of San Juan, increased percent from September to September Puerto Rico Economy at a Glance: Puerto Rico.

The economy of Puerto Rico is classified as a high income economy by the World Bank and as the most competitive economy in Latin America by the World Economic Forum. The main drivers of Puerto Rico's economy are manufacturing, primarily pharmaceuticals, textiles, petrochemicals, and electronics; followed by the service industry, notably finance, insurance, real estate, and tourism. Puerto Rico - Puerto Rico - The economy: Puerto Rico’s economy, now based on services and manufacturing, was dominated by agriculture until the midth century. Under Spanish colonial rule the island was largely neglected because of its limited mineral resources. However, the harbour at San Juan prospered as a major link in Spain’s oceanic trade routes, and massive fortifications were. Puerto Rico’s construction industry is booming despite reckoning with rising costs of labor and materials, which some contractors worry could slow the island’s recovery efforts. labor income declined between and , as wives entered the labor force in greater numbers and as others in the family also contributed a greater proportion of earnings. This pattern also held for Puerto Rican married couples, although the earnings of Puerto Rican .

  In the summer of , the New York Times reported that President Donald Trump had “ joked in a meeting ” with staffers about the possibility of trading Puerto Rico, a U.S. territory, for Greenland, a territory of Denmark.. But on Wednesday, former Department of Homeland Security (DHS) chief of staff Miles Taylor alleged that those comments weren’t a joke at all — and that Trump had.   This begins with supporting diverse Puerto Rican voices in educating people stateside about how the dysfunctional relationship between Puerto Rico and the US has, for example, held back economic.   Puerto Rico's new labor secretary, Carlos Rivera Santiago, acknowledged that there were delays in getting unemployment checks to those who needed them, . In , after years of colonial rule that saw the indigenous population nearly exterminated and African slave labor introduced, Puerto Rico was ceded to the US as a result of the Spanish-American War. Puerto Ricans were granted US citizenship in .