Investigation of Minimum Wages and Education in Puerto Rico and the Virgin Islands

Investigation of Minimum Wages and Education in Puerto Rico and the Virgin Islands Download PDF EPUB FB2

Investigation of minimum wages and education in Puerto Rico and the Virgin Islands: hearings before a Special Investigating Subcommittee of the Committee on Education and Labor, House of Representatives, Eighty-first Congress, first session, pursuant to H.

Res. 75, a resolution authorizing the Committee on Education and Labor to conduct studies and investigations relating to matters within.

Increasing Minimum Wage in Puerto Rico and the Virgin Islands Words 5 Pages Early in the management of the FLSA, it became apparent that submission of the statutory minimum salary was expected to produce undesirable consequences upon the finances of Puerto Rico and the Virgin isles if applied to all of their covered industries.

Puerto Rico Department of Transportation and Public Works Current Projects Federal Highway Administration Puerto Rico and US Virgin Islands Division has more than active projects in collaboration with several State and local agencies. A new report finds that the economies of two U.S.

territories in the Caribbean may be far more dependent on the ocean than previously assumed. For people who manage, protect, and make use of the resources in these special places, more accurate data about ocean dependency is key to good decisionmaking.

Shown here: St. John, U.S. Virgin Islands. Puerto Rico met a similar fate after the new minimum wage rate went into effect. The increase resulted in a minimum wage that was greater than 75 percent of the Puerto Rican median wage.

In fact, the situation grew so dire, unemployment in Puerto Rico surged and its GDP per capita declined by almost 7 percent between and While there are a myriad of reasons for Puerto Rico’s situation, part of the blame lies with the U.S.

government, which subjects Puerto Rico to the federal minimum wage of $ an hour despite the fundamentally different nature of the island’s economy. High minimum wages reduce employment by increasing the cost of hiring for businesses. The Puerto Rican economy is heavily dependent on its manufacturing and tourism sectors, so low-skilled workers tend to form the backbone of the island’s economy.

The average hourly wage in Puerto Rico is $, meaning that the current $ minimum wage constitutes two-thirds of the average wage.

This ratio is nearly twice as high as on the Author: Jack Salmon. Puerto Rico’s economic ruin, however, is partly a story of the damage an ill-considered minimum wage hike can do. Prior toCongress held Puerto Rico’s minimum wage below that of the.

Part 22 - Application of Labor Laws to Government Acquisitions Minimum Wages under Executive Orderrequires the Executive Order minimum wage rate to be paid if it is higher than other minimum wage rates, Puerto Rico, and the U.S.

Virgin Islands. The Federal Reserve Act of divided the country into twelve districts with a central Federal Reserve Bank in each district. These twelve Federal Reserve Banks together form a major part of the Federal Reserve System, the central banking system of the United States.

Missouri is the only U.S. state to have two Federal Reserve locations within its borders, as some states are divided into more. Buy The Scientific Survey of Puerto Rico and the U.S.

Virgin Islands: An Eighty-Year Reassessment of the Islands' Natural History (Annals of the New York Academy of Sciences) on FREE SHIPPING on qualified ordersFormat: Hardcover.

Where is it located in relationship to the Virgin Islands. 40 miles (65 km) west. (US minimum wages apply in Puerto Rico) What has become the dominant and most dynamic force in Puerto Rico's economy. When Puerto Ricans went back to the polls for the fourth time in 45 years in Novemberwhat did the majority of voters favor for the.

This paper uses time series and cross-industry data on employment and wages in Puerto Rico to assess the effects of applying the U.S. minimum wage to the Puerto Rican labor market. Puerto Rico’s power infrastructure is also notoriously flimsy, even on good days, and one of the major components of its debt crisis is the $10 billion debt of the Puerto Rico Electric Power.

To provide a better understanding of the true ocean-dependency of the economies of the U.S. Virgin Islands and Puerto Rico, this report examines local data and knowledge that are not reflected in the federal data sources used to produce Economics: National.

Puerto Rican minimum rose toward U.S. levels, the education of migrants fell below that of nonmigrants. (4) Migration was critical in allowing Puerto Rico to institute U.S.-level minimum wages and played a major role in the long- term growth of real earnings in Puerto Rico by reducing the labor supply and.

LIVE NOW: Economic Press Briefing on the unfolding economic situation in Puerto Rico and the U.S. Virgin Islands following Hurricanes Irma and Maria. President William Dudley gives remarks and our economists will detail their recent research. The U.S. Caribbean Territories have had relatively low incidence rates of nonfatal occupational injury and illness in recent years.

Inthe incidence rate was per full-time workers in Puerto Rico and in the U.S. Virgin Islands—in comparison, the rate was in the United States. [Chart data—TXT]. The plant closing laws in the U.S. Virgin Islands (the “Virgin Islands”) are governed by Title 24 of the Virgin Islands Code (‘V.I.C.”) Sectionset seq.

(the “Plant Closing Act”). The Plant Closing Act applies to any facility that employed 10 or more employees during any month in. The minimum wage is the same in the rest of the United States, of course, but it is just 28 percent of per capita income on average, since Puerto Rico's economy is so weak relative to the rest of.

Bell (taxpayer's argument -- that the term "United States" encompasses "only territories and possessions such as the 'Commonwealth of Puerto Rico, the Virgin Islands, Guam, and American Samoa' [ ] but not the contiguous 48 states, Hawaii and Alaska" by contending that the term "include" was a term of "limitation"—was rejected).

Overtime Minimum Wage in Puerto Rico. Employees making the minimum wage in PR must be given overtime pay for hours worked in excess of 40 per week or 8 per day. Currently, the minimum wage in Puerto Rico for overtime hours is $ for employers covered by the FLSA. This amounts to one and one half times the federal minimum wage.

If your. Earlier this year, the Legislature of the Virgin Islands approved an increase of the minimum wage in the territory to $ per hour, pursuant to Act No, which by June 1, will increase up to $ per hour.