Talk of The Villages Florida - View Single Post - Puerto Ricans Flock to Florida
Thread: Puerto Ricans Flock to Florida
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Old 11-02-2014, 02:04 PM
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Originally Posted by TexaninVA View Post
I looked at the link ... how depressing.

Here's an excerpt that jumped out:

"Many economic experts worry that Puerto Rico could default on its debt, which in turn might engulf the island in even more crime as money and jobs become scarcer.

“Not only is there a debt problem, but there’s a deep structural problem,” Juan Carlos Hidalgo, a Latin America policy analyst at the Cato Institute told Fox News Latino in December. “Puerto Rico has one of the lowest labor participation rates in the world. Only about 40 percent of the working age population is in the labor force.”

The bigger question becomes ... how did PR evolve to this dysfunctional status? Another question is ... why do societies never seem to learn that the path to wealth is not thru state-focused dependence?
I wonder if we contributed to this as a result of the billions of dollars we send Puerto Rico each year?
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Real Name: Steven Massy Arrived at TV through Greenwood, IN; Moss Beach, CA; La Grange, KY; Crystal River, FL; The Villages, FL