This article describes with statistics (from Building Human Services Research Partnership in Puerto Rico) how Puerto Ricans are hard working but 130 thousand have been unemployed; in spite of 46% with college degrees (many working as waiters or in restaurants to survive); 88% make less than $30 thousand a year with a college degree; and people on temporary public assistance get $240 a month for a family of four. The article attributes the employment collapse in Puerto Rico as caused by the lack of strategies that are effective in promoting economic development. In my opinion, paying back creditors that invested in bad loans issued by Wall Street, based on Puerto Rico’s economy is ludicrous. The cost of living (except housing) is high for all because everything is imported by ships with all fees paid to United States ships. This includes oil for electricity which is higher priced than the United States. Water, an essential component in life, is also an expensive commodity with a high priced tag. Blaming this or the other political party in Puerto Rico will not change the reality until the reasons for unemployment and the high cost of living in Puerto Rico are addressed. People that leave Puerto Rico are people who want to work. The colonial structure has failed Puerto Rico for decades, yet Puerto Rico’s government and its people are blamed for its economic erosion. The next thing to do to pay creditors is to sell the island off.
Published by nelsongon
I love media and communication, as well as digital technology. I write and speak fluently in Spanish and English. I was born in New York, but was sent to Puerto Rico at an early age, where I lived until drafted by the U.S. army. Upon returning from an honorable discharge, I found Puerto Rico small and limited at the time. I moved to Boston where I pursued musical studies and later worked as a musician, teacher, and speech-pathologist in New York. I am currently still interested in world politics, social justice, and income inequality. Health and wellness are essential to survive and thrive. I am working on patience and skills necessary to keep learning. View more posts