From News Nation:
“Puerto Rico to raise minimum
wage for 1st time in 12 years”
Puerto Rico’s governor signed a
bill Tuesday to increase the U.S. territory’s minimum wage for the first time
in more than 12 years. The current minimum pay of $7.25 an hour will increase
to $8.50 in January and to $9.50 in July 2023. A third increase to $10.50 is
contemplated for July 2024, but would require further approval. Gov. Pedro
Pierluisi said the first increase could represent an additional $2,000 a year
for a full-time worker. Many cheered the move, given the high cost of living on
an island struggling to emerge from a deep economic slump as it restructures a
portion of its more than $70 billion public debt via a bankruptcy-like process.
^ I wonder how Puerto Rico is
doing since it was basically Bankrupt. ^
https://www.newsnationnow.com/us-news/puerto-rico-to-raise-minimum-wage-for-1st-time-in-12-years/
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