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Budgets/TaxesFeatured
Puerto Rico’s Economic Crisis Rooted in History of Feds’ Anti-Trade Policies
by Jesse Hathaway May 22, 2016The missed payment, due on May 1, was just another scene in the slow-motion train wreck that has been termed “Puerto Rico’s economic crisis,” but to call the territory’s status a “crisis” understates the severity of the problem. Over 12 percent of the workforce in Puerto Rico is unemployed, and one out of every four employed Puerto Ricans works for the government, instead of contributing to the territory’s economy.