Labor participation in P.R. 15% less ...

Labor participation in P.R. 15% less than US.

Posted in the Puerto Rico Forum

Jorge

San Juan, Puerto Rico

#1 Mar 1, 2013
All this under Agapito's 50 days administration.
Jorge

San Juan, Puerto Rico

#2 Mar 1, 2013
The US has 50% labor participation while Puerto Rico's is 35%.

Since: Oct 12

Marlboro, NJ

#3 Mar 1, 2013
Let's not forget though that Puerto Rico has a large 'underground economy' and alot of off the books jobs. The real figure is probably closer to 40-45%
Jorge

San Juan, Puerto Rico

#4 Mar 1, 2013
Of the 35% of the working, Puerto Rican class, 12% work for the government. This fact translates that 12% do not generate wealth, they are engaged in civil service.

In Puerto Rico, only 23% of the working population generates wealth.
Jorge

San Juan, Puerto Rico

#5 Mar 1, 2013
LongIslander1987 wrote:
Let's not forget though that Puerto Rico has a large 'underground economy' and alot of off the books jobs. The real figure is probably closer to 40-45%
Puerto Rico's capitalist history (since the 16th century, or its mercantilist era) has depended on contraband and illegal acitivity (as it happens throughout the Caribbean coasts of each mainland nation, including the US').

Nothing new under the sun!
Jorge

San Juan, Puerto Rico

#6 Mar 1, 2013
LongIslander1987 wrote:
Let's not forget though that Puerto Rico has a large 'underground economy' and alot of off the books jobs. The real figure is probably closer to 40-45%
In fact, if you compare Key West's historical architecture (due to its heavy Caribbean contraband); compare Old San Juan's sober, enclosed, urban architecture with that of Ponce's lavish, expanded and ornate city's scape (also engaged in heavy contraband) and so on...these are some examples of official vs. "informal" economy reality.

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