Study: Obama’s Proposed Minimum Wage Hike Will Kill 30% of Puerto Rico’s Private Sector Jobs
Some might think Obama believes this won’t happen and people will benefit from a “living wage.”
Me? I think
According to: an analysis: of the Cato report by Frank Worley-Lopez, Puerto Rico has about 700,000 private sector jobs and 285,000 government jobs. Those holding 471,000 of the private sector jobs make below Obama’s $10.10 minimum wage proposal.
Worley-Lopez, the first state chairman of the Libertarian Party of Puerto Rico, writes that the Cato study says an estimated 193,610 to 203,031 Puerto Ricans would lose their jobs if the minimum wage were raised to Obama’s desired $10.10. That works out to about 30%.
You can’t have fundamental change is everyone has a job and is happy.
You need strife to have a revolution.
Think I’m wrong? : Tell me about it in the comments.
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Duane Lester is co-founder of All American Blogger, and the primary writer. Following graduation, Duane entered the United States Navy as a journalist. He spent five years touring the world, reporting on local news and sports. Following his enlistment, Duane spent almost 10 years working with adjudicated youth in residential treatment environments. Duane discovered politics after September 11. He credits Erich "Mancow" Muller for opening his eyes to his conservative beliefs. Since then, Duane has devoured books and literature on politics, reading everything he can from Adam Smith to Larry Elder to Thomas Sowell. He refers to his style of politics as "conserva-tarian", a mixture of conservative and libertarian beliefs.
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Like many of you, I am going to be taking tomorrow off. So there won’t be an update on RWN.