Wages, productivity, and industrialization in Puerto Rico
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Wages, productivity, and industrialization in Puerto Rico

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Published by R. D. Irwin in Homewood, Ill .
Written in English

Subjects:

Places:

  • Puerto Rico.

Subjects:

  • Labor and laboring classes -- Puerto Rico,
  • Wages -- Puerto Rico,
  • Labor supply -- Puerto Rico

Book details:

Edition Notes

Statementby Lloyd G. Reynolds and Peter Gregory, with the assistance of Luz M. Torruellas.
SeriesPublications of the Economic Growth Center, Publication of the Economic Growth Center, Yale University.
ContributionsGregory, Peter, joint author.
Classifications
LC ClassificationsHD8236.5 .R4
The Physical Object
Paginationxvi, 357 p.
Number of Pages357
ID Numbers
Open LibraryOL5941741M
LC Control Number65012407
OCLC/WorldCa348857

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Get this from a library! Wages, productivity, and industrialization in Puerto Rico,. [Lloyd G Reynolds; Peter Gregory] -- Wages, productivity, and employment; Managing the new industries; The industrial . Get this from a library! Wages, productivity, and industrialization in Puerto Rico. By Lloyd G. Reynolds and Peter Gregory with the assistance of Luz M. Torruellas.. [Lloyd G Reynolds; Peter GREGORY, of the University of Minnesota.; Luz M TORRUELLAS]. It is necessary to understand the forces influencing Puerto Rican migration to truly assess the economic status of Puerto Ricans in the United States. The migratory response reflects the aspirations of workers and their families and represents a relative dissatisfaction with economic conditions on the by: 4. However, when the minimum in Puerto Rico was raised to 63% of the average manufacturing wage, the elasticity of employment to the minimum wage became anld raising the wage led to massive job.

Abstract. The minimum wage, the lowest wage rate legally payable by employers to workers, derives support from concern about the equity of market processes. Because employment may fall in response to an increase in the minimum wage and because the majority of low-wage workers do not come from families in poverty. rows    Puerto Rico These occupational employment and wage estimates are . Through oral histories, personal interviews, eyewitness accounts, congressional testimony, and recently declassified FBI files, War Against All Puerto Ricans tells the story of a forgotten revolution and its context in Puerto Rico's history, from the US invasion in to the modern-day struggle for self-determination. Denis provides an /5().   In the Fair Labor Standards Act subjected Puerto Rico to a federal minimum wage, but it was not until that a act, which required that the island match the mainland’s minimum wage, was fully phased in.

We find that the U.S. minimum has a massive effect on the earnings distribution in Puerto Rico and that it has substantially lowered employment and altered the allocation of labor across industries. The reduction in employment is due to the fact that the minimum has a high level relative to average earnings or productivity, not to an especially high estimated elasticity of employment to the minimum. Decoupling of wages and productivity can exacerbate inequalities. Even in countries where there is only limited decoupling of wages from labour productivity growth at the whole economy level, this can mask significant divergences within sectors (OECD, [5]). In France, for example, where there has been limited decoupling at the whole. The overwhelming majority of workers made above the minimum wage, and factory wages were typically at least double the minimum wage, but in Puerto Rico the federal minumum wage stood above the level of wages in the majority of branches of employment. Puerto Rico’s economic ruin, however, is partly a story of the damage an ill-considered minimum wage hike can do. Prior to , Congress held Puerto Rico’s minimum wage below that of the.