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Puerto Rico has structural issues related to endemic corruption that discourages business investment, and that is why companies generally avoid doing business t
by gamblor956 6y ago
Puerto Rico has structural issues related to endemic corruption that discourages business investment, and that is why companies generally avoid doing business there despite the very generous tax incentives for doing business in Puerto Rico.
PR's minimum wage has very little to do with it, except for being a convenient scapegoat.
- Aunche 6y agoCorruption that discourages investments is one side of the high unemployment. The other side is tiny businesses that can't even afford to pay minimum wage. They're allowed to pay less than the federal minimum wage if they're sufficiently tiny, but that means that they can't expand.