University of Puerto Rico-Mayagüez Campus Brain Drain Problem

Puerto Rico has a massive “brain drain” problem. Around 76,000 citizens of Puerto Rico left the Island in 2011 alone, which includes professional and college students in the search of job opportunities. Students from the University of Puerto Rico-Mayagüez Campus represent one of the brain drain problems in P.R. They are receiving a high level education at lower tuition cost in Puerto Rico, but they are leaving the island for better jobs opportunities in the United States. Since the politic problems, like the “divided government” suffered by Acevedo Vila, mentioned by Jena Vidal, arise and crimes increase, many Puerto Ricans decide migrate to the states.

On Thursday, October 31of 2013 a press conference of the brain drain was given in Chardón 325. The panelists consists of Erwin Maldonado Otero, historian and accounting, with a bachelor degree in Business Administration at the UPRM and José Torres, a third year mathematics major at UPRM.

One of José’s answers to a question based in his choice of college was that of four colleges that he applied, three were at the U.S. and one was the UPRM. He was accepted in all four, but his selection was UPRM because it was the cheapest and he will save money. José its a clear example of how Puerto Rico’s education is chosen among students because they receive a higher education at a lower cost.

In an article titled “A Proposal for Puerto Rico’s Public University System” Luis Gallardo Rivera, M.A in public administration and legislator of Aguas Buenas, P.R. says that local talent are tempted by the higher salaries that companies such as NASA, U.S. government agencies, Boeing and U.S. hospitals offers to them. According Gallardo Rivera, 37 percent of students surveyed at the UPRM plan on leaving the island after graduating.

The Job Fair celebrated in the UPRM in Sept. 27, 2013 is a perfect example of how hundreds of students prefer U.S. companies with high salary instead of the one in Puerto Rico. Not only this day, students spend all their college studying for job opportunities in the States.

Factors such as Puerto Rico’s economic crisis, unemployment and the increase of crimes motivate students to leave the island. Gallardo says, “Puerto Rico’s public universities are exporting their graduates in mass. With 50 percent of emigrants between 2000 and 2010.” With such big numbers, Puerto Rico is not only losing his best talents, also billions of dollars, which are spent in students high education. All this factors are affecting the island economy in addition to others.

Puerto Rico’s brain drain problem increased over the years. The island population has dropped dramatically. According to an article by Jean Vidal published in Politic365 Web page, “Puerto Rico’s Brain Drain Problem,” Puerto Rico’s population dropped from four million in 2000 to close to half a million citizens less.

These numbers not only include college students, also other professionals and families who want a better quality of life. Since the “divided government”, mentioned by Vidal in his article, Puerto Rico’s deficit contributed for an economy crisis; wages fell, unemployment rate increased and crime also increased. Taking advantage of the U. S. citizenship, which allows us to travel to the U.S. with out legal restriction, they decide to emigrate in search of better salaries, lower crimes and overall a better quality of life.

In the press conference when Erwin Maldonado was asked if the main causes of Puerto Rico’s crisis was the brain drain, he said, “No, the offer of employment declined a lot. United State have a lot more better jobs offer.” Talking about what causes the brain drain is a complex issue because it’s related with the political problems, the economic crisis and the increase of crime in P.R.

Although leaving the Island, families and friends it’s a very difficult choice, UPRM students in the pursuit of their goals choose to emigrate, they are tempted by companies from the outside of P.R. who can afford higher salaries, better qualities of life and a secure job instead of a part time. Based in the testimonials of Erwin and José at the Press Conference, before taking a decision, UPRM students should investigate more about the U.S. economy, the quality of life in the place they will go and if things are actually better, no migrate without any knowledge, being carried away by experiences of others.

Image

Antonio Lucchetti building/ Mechanical Engineer building at UPRM

Advertisements

Is The United States Stealing Puerto Rico’s Professionals?

 

By: Jorge E. Ortiz Montalvo

 

Puerto Rican professionals can have better working conditions and salaries in the United States than in Puerto Rico. Four out of five University of Puerto Rico – Mayagüez (UPRM) students are thinking of leaving the island to go to the U.S. after graduation where their chances of obtaining a “good” job are greater, said economy professor Orlando Sotomayor during a press conference about “brain drain” held at the University of Puerto Rico – Mayagüez on October 17.

“In the past six years the recently graduated student’s salary has decreased around 20 to 25 percent,” Sotomayor explained to justify the fact that youth are abandoning their economically unstable homeland for a better the job market in the US.

The press conference on brain drain was held in campus by a group of students. The panel was made up of: sociologist Michael Gonzalez, economist Orlando Sotomayor, and Brian Rullán (testimony, expanding business internationally). In the press conference, moving to the U.S. was said to be the easiest solution for many people.

Some people compare cost/benefit while living in P.R. and living in the U.S. While both countries economies are not in a good shape. Miscellaneous and other everyday items are cheaper in the U.S, because most of these objects are made there and do not need to be sent overseas.

 

While some people leave the island without thinking what will be of their homeland, others do think about it. When masses of professionals leave their country the impact on the countries economy is huge. Companies lose good talent and workers so their productivity decreases starting a chain reaction that affects everyone.

With the economy being affected this way, the country starts to struggle. “The Economic situation in the island right now is not surprising to younger people because it has been going on for so long that you have lived in it for most of your life, when it is actually a huge crisis we are living in” said Professor Sotomayor.
Panelists debated solutions to the current crisis. For sociology professor Michael González the solution lies in training people not to be salaried professionals but to be professionals “with an entrepreneur way of thinking.”

 

González’s argument was that while most people train to go work for a big company, people should train to work towards starting a big company. These big local companies are the best and smartest way to promote change in the island economical crisis.

 

On the other hand, Brian Rullán, a mechanical engineering student at UPRM, has already his sights set on the families business. “My plan is to increase our market in Florida and New York for example while applying my knowledge obtained from gaining my degree,” said Brian during the press conference.

Other people that leave the island have their goals set to return after a couple of years. Some because they want to return to where they grew up in and others because, of family and friends. But others know that they can take what they have learned in the outside and incorporate it in the island, or they can take what they have started in the outside and continue it inside the island so the country can benefit from it.

Job fair at University of Puerto Rico - Mayagüez. (2013)

Job fair at University of Puerto Rico – Mayagüez. (2013)

Puerto Rico: In the middle of a crisis.

From far to near: Michael Gonzalez, Javier Smith, Luis G. Santiago: Panelists of the Press Conference

From far to near: Michael Gonzalez, Javier Smith, Luis G. Santiago: Panelists of the Press Conference

A group of students of the University of Puerto Rico of Mayagüez had a press conference about our country’s economic crisis and social inequality.   The panel was consisted of: Michael Gonzalez, Professor in sociology, Public activist Javier Smith and José Guillermo Santiago.  The event took place in the UPRM this morning.

Today a group of students of the UPRM talked to a panel about the economic crisis in which Puerto Rico is living.  It started at 11:00am in a classroom of the University.  Press began the questions to the panelists present.  Michael Gonzalez wasn’t showing any emotions or positive attitude in answering the first question: “I have no idea” he said.  In other hand, the other to experts on the panel where very enthusiastic in being there and in the best disposition of answering any question asked.  Public Activist, Javier Smith focused on the importance and impact that has the community in the economic decisions and that it is imperative that everyone acts being a person with economic power or not: “There has to be a symbiotic relationship between activists in lower bases and the ones with power.” Meanwhile Jose Guillermo was asked about the recent economic public politics and how is helping the crisis.  José said, “The government should focus those public politics in the needs of the community and not based in the capital”.  The question asked in the conference where designed for the specialty of each panelist and they answered accordingly.  Michael Gonzalez was asked of the social inequality in which we live in including racial, sex orientation, gender, religion and every type of discrimination for what Mr. Gonzalez said that if the victim doesn’t take action and that person is in the power to make a change, there is always going to be discrimination and social inequality.

“The upper class becomes richer or stays the same and the lower-middle class suffers the consequences” said Javier smith

They questioned Mr. Smith if the instability of the political status of Puerto Rico has affected negatively in the economic crisis and social inequality, for which he said that the political status has been the same all these years and so it has the crisis.  The political status has affected our country since we became a colonial territory of the U.S.A. The economic crisis is based in the political status as said in the Washington Post: “En un editorial, el diario The Washington Post reconoce que la crisis económica de Puerto Rico está fundamentada en la estructura de su actual status politico”. A reporter in El Nuevo Dia newspaper posted this argument.

The economic and social crisis is affecting everyone and as the Javier Smith said: “We as the people have to take action.”  The crisis is making the people feel desperate and hopeless instead of gaining strength to improve the status of our country, as it says in the news article on El Nuevo Dia: “La compleja situación social y económica que vive el país en estos momentos está teniendo un efecto devastador en el ánimo de los residentes de la Isla, según los resultados de La Encuesta de El Nuevo Día.”

When all the questions where answered the moderator closed the conference thanking the panelist, press and the public in general for being there today.

Puerto Rico… Is there any hope?

By: Edgardo Hernández Burés

Known as the “Island of Enchantment”, Puerto Rico, only with 3.7 million residents, has an actual $70 billion debt and a staggering 14 percent rate of unemployment surpassing that of any state in the United States.

Having the best infrastructure in the caribbean, Puerto Rico has many natural resources which the government does not exploit and which could help generate money to pay the debt. Right now the island is trying to develop its tourism as one of its sources of income.

While it might look like Puerto Rico is teetering toward default, in a press conference held at the University of Puerto Rico – Mayagüez on November 5, 2013 Dr. Edwin Irizarry Mora, economist and professor at UPRM said, “the possibilities of a default in the case of Puerto Rico are very low.” Irizarry Mora explains that the main reason for that is that our constitution prohibits it. The constitution states that creditors are first place in the line of recipients when the central government processes its payments.

“on the other hand, as higher debt is paid, much less funds are left for the central government budget. That has been the case in Puerto Rico for many years.” Irizarry Mora added.

Some economists say that Puerto Rico can not deal with its economic crisis without working with decolonization processes. But others blame the economic crisis on the island’s inability to develop an economy independent of the United States and its dependence on federal funds to fuel its economy.

What most of these funds have done is create an economy of dependence. People prefer to receive federal help rather than work causing a marked reduction in labor participation.  People who receive this welfare do not generate more income, which causes less contribution in taxes and forces the government to raise taxes in order to generate more money to fund its system. This increase in taxes suffocates the working middle class and they cannot cope and are forced to leave the island or stay and join the ranks of those on welfare thus creating an ever growing gap between rich and poor.

Social inequality generates a situation in which individual groups in a society do not have equal status;this differences affect access to education, transportation, quality housing, health care, and other social goods and services.

In the Annual Economic Conference of 2012 Sergio Marxuach, public policy director for the Center for the New Economy said “one of the areas where social inequality is most evident in Puerto Rico is in wealth. The average income reported in the top 5 percent of local households is 33 times greater than households in the lowest tier. In the U.S., the top income earning group is 15 times higher than the lowest strata.”

According to the American Labor Market Information System, nowadays the unemployment rate in Puerto Rico stands at 14 percent.

“When there is less influential people inserted in the labor force, there is going to more exclusion, marginalization and social inequality,” said social activist Javier Smith at a press conference about social inequality held at UPRM on November 5, 2013. Smith explained that social inequality and marginalization can be eradicated or diminished through activism but it cannot effectively reduce it without the legal restructuring of power structures and the political will to do so.

Image

Same Boat

The social activist said that there is an imbalance because the vision political parties have is that once they are in control they have to generate funds to make social work without involving the people, which are the beneficiaries. “This relationship should be developed from the ground up. There should be a symbiotic relationship between the political and social bases and that power should be shared,”  Smith added.

Socioeconomic status affects the searching for higher education

By: Juan P. Torres

       The economic status of families affects the access to higher education of students in Puerto Rico. Edrick Alvarado, a theoretical physics mayor at the University of Puerto Rico-Mayagüez, said he had to struggle to get a suitable education due to his economic problems.

            In a press conference on Oct. 24, 2013 he said that thanks to the help he received from his mother and professionals he was able to start reaching his dream and begin his professional life.

            Edrick received orientation since middle school from one of his teacher, so he would know how he had to prepare himself. Also, he became part of the “Centro para el Acceso Universitario ”, a program in the UPRM that helps students from public housing proyects to be able to enter college.

            Lissette Rolón, one of the two professors who are in charge of the CUA , said that in Puerto Rico out of three students from public schools, one goes to college. She said that in this statistics the economic recession is shown. In this case, people like Edrick who studied in a public school.

            Professor Rolón added that to lower these numbers the education system should start encouraging students to get a higher education since the primary school. She added that the students should be also more prepared academically before they go to college.

            Eddrick agree that the problem is that a lot of teachers do not teach to their fullest. That only a few see the potential in students of becoming a professional and fewer of them encourage the students to reach their dreams.

            In some cases teachers act like they do not care discriminating the students because of their socioeconomic status.  This is the case of Edrick who was discriminated by some people including teachers because he came from a public residential.

            Bernadette  Delgado, also a professor in charge of the CUA, said in another press conference the same day that some students may be victims of bullying , and therefore that type of discrimination is reflected in the students search for higher education. In this case bullying might be from other students or from the teacher in an indirect way.

            Edrick said that he was grateful that he found the people from the CUA and the teachers who helped him because although he said it was very difficult for him to go to college; he was able to receive the help in time and begin his professional life.

            Professor Lissette Rolón, said that not all the students receive that help and she considered that the system of education should take part in the orientation and helping the students giving them the essential tools to reach for a higher education.

 

            This story shows that the role of the parents in their children’s education is crucial. Professor Rolón added to this saying that not only is it crucial, but the education of the parents as well. Rolón said that the education the student gets is directly proportional to the education of the parent.

            This is not entirely the case of Edrick since his mother only graduated high school. Still he was able to reach for a higher education. But Edrick in particular chose to seek for it and that contributed to his good results. But not every student has aspirations of a higher education.

            Professor Rolón said that the system of education should analyze and prepare more the students before college. This way, students like Edrick can have the same opportunities and not see college like is too high for them.Image


Students seek to educate about LGBTT community struggles and rights

College students are being more open about their sexuality than they were before.

By: Félix López

On Thursday October 24 a group of students from the University of Puerto Rico – Mayagüez organised a press conference to address LGBTT rights and struggles in Puerto Rico.. Panelists claimed that there have been improvements in LGBTT issues in the recent past but that there is still much work to do to achieve equal rights. 

 

With participation of School Psychologist, Dr. Bernadette Delgado; Professor of anthropology, Rafael Boglio: Poet and Activist, Gaddiel Ruiz and [move title here to be consistent] Roberto Rivera, spokesperson of Gay-Straight Alliance, the panel discussed the situation for LGBTT people on campus, Puerto Rico’s progress as a gay-friendly territory and the ongoing struggles of the community.

 

This year Puerto Rico has been experiencing a heated debate over LGBTT rights. Ever since the anti-discrimination bill PS238 which tries to eradicate discrimination of gay people in work enviroments and measure PC488, wich was focused on domestic violence, were signed back on May 24, the controversy hasn’t stopped between the LGBTT community and opponents such as the Puerto Rico Pro-Family.

 

The original project, which featured more specific rights was diluted after strong opposition from Puerto Rico Pro-family group leaving the LGBTT community with a bittersweet victory. “It is a good step for the LGBTT people but we are not satisfied because the bill is not strong enough to eradicate discrimination,” said Roberto Rivera during the press conference..

 

Still LGBTT groups are influencing the political agenda in Puerto Rico. “The political parties are recognizing the importance of LGBTT people,” Rivera said. “During the past administration nothing positive existed for the LGBTT, now there are bills and measures.”

 

Earlier this year, senator María González submitted a bill that aims to teach a curriculum to promote gender equality at school. “It is a good initiative but we can’t depend only on it, school is only one of the places where the individual interacts, I would like to think this would happen on any other place the individual interacts,” said Delgado.

 

When compared to other Caribbean territories like Dominican Republic where politic figures are more conservative, panelists argued that Puerto Rico is more “gay-friendly” and there are more groups supporting the LGBTT movement in general. “Being gay in Jamaica is hell,” Said Professor Boglio.

  

One unidentified young man from the audience said he felt that bullying cases should be handled better, not only to promote an anti-bullying environment but also actually enforce it. This represents the same way of thinking of hundreds of other students in Puerto Rico and it was something school psychologist Bernadette Delgado was made aware of in the press conference.

 

Bullying is a reality not just in the United States of America where it has so much exposure, but in Puerto Rico also, albeit the bully profile is different. School psychologists agree that the focus should be put on prevention, education and intervention to be able to identify the bully and stop it.

 

On campus activities have also changed. Several years ago the UPRM LGBTT movement was non-existent. “LGBTT was not something we talked about, we knew who was gay or lesbian but we didn’t talk about it.” said Dr. Bernadette Delgado, also former UPRM student. “We were friends no matter what and they were suffering because they couldn’t show their preference,” she added.

 

Now in 2013 there is the Gay-Straight Alliance, whose goal is to educate about the gay community and promote human rights. This is the only LGBTT rights group in UPRM in 2013, but it’s not the first. The main difference of the GSA is that it incorporates the heterosexual people as well to promote gay rights.

 

“There is a Possibility For a Better Education”

By: Diego Camacho

“There is a Possibility For a Better Education”

Image

Left to right Alan López, Lissette Rolón and Edrick Alvarado

On October 24, a press conference on “access to higher education” took place in the University of Puerto Rico Mayagüez Campus at 10:30 a.m. in Chardón building. Panelist; CUA coordinator, Alan López, Student of engineering, Edrick Alvarado and CUA director,  Lissette Rolón, employees CUA(Centro Universitario para el Acceso, in Spanish)

“College starts from the kindergarten.” Said Rolón at the beginning of the conference hoping to emphasize that all the problems in the access for higher education could be resolved by the use of teaching and preparing our kids to go to college.

The three panelists work are the CUA in therefore come from a similar experience in the problems in access to higher education, Edrick Alvarado who is a student who was in the CUA since middle school and know studies in the UPRM.  Lissette Rolón is the expert in the topic since she leads the CUA program in the campus; Alan López is one of the coordinators of the program he brings the “Hands-on” experience to the board.

The objective of the CUA is “help students of the west of Puerto Rico to get a higher education, from the middle school though high school, the admission process and later the students can visit our offices and help other students in the program” said Lissette Rolon.

Enthusiastic Alan added he feels working in this program and he replied “Working in the CUA is a very gratifying experience” “The CUA is a space full of adrenaline because of the college students and the students who we work with.”

The students of this program have a graduation percent that doubles the one in the island, while at an island level graduation from high school is a 43 percent, the students who are helped by the CUA have 95 percent of graduation which is a big improvement and proof the importance of a better education and motivation to graduate which the public school system is lacking, said Lissette Rolón

Image

All agreed, we need to include qualities the screening process of the university to give a chance for students like Edrick.

“The motivation is there.” said Alan Alvarado when referring to the students who wake up at 5 a.m. to go to school and then be at 4 p.m. for doing their homework at the CUA and later talk to the college students and get a bit of who is the college life and learning. Truly the students have a great deal of motivation for studying and have a better life than their parents according to “Para obtener un mejor futuro” the  sixth research logbook of the CUA, which examines the relation between the highest level of education parents of the student of the program have achieve.

There is a clear correlation between the level of education and the knowledge of the university procedures as there students who come of a family who has few members who have gone to university has much difficult time at the time to make the transition from high school to college.

One of the principal problems that the community lives is the disconnection of the university and the community that surrounds it, As Lissette Rolón said, the university doesn’t consider the housing projects students as “college material” as therefore is more difficult to them to applied economically and a knowledge level if the information is not getting to them. Lissette Rolón recommends that the universities make alliances and collaborations between universities and schools, at the same time make the professors in the schools to act as facilitators and counselors in the transition of high school and college.

Image

Centro Universitario para el Acceso

For the future the CUA is in formal conversation which the University of Puerto Rico campuses of Río Piedras, Humacao and Cayey, to have a programs like the CUA in Mayagüez campus. “Students deserve an opportunity to apply to university if we change the way students applied in this university by using there quality and talent as part of the screening process, a process like this is use when dealing with athletes they are given credit for they talent” said Lissette Rolón.

Colegio Cares About the LGBTT Community in Puerto Rico

On Thursday, November 7, 2013 a group of students from the class English 3268: Writing for the Communications Media the University of Puerto Rico – Mayagüez conducted a press conference to current struggles of the LGBTT community in Puerto Rico. The conference, which took place in Chardon Building, featured Professor Luis Nieves, an active researcher in the topic, attorney José Rodríguez Irrizary, president of Heterosexuales por la Igualdad, Elvin Ramos, an LGBTT community member and Denise Echevarría, President of Gay Straight Alliance of the UPRM.

The purpose of the discussion was to familiarize students with the LGBTT movement and to educate them about current issues involving this community. For example, Prof. Luis Nieves said: “government still have to work a lot with the second parent adoption, which means that any person could adopt with any other person to become the adoptive parents of a child. Adoption laws in Puerto Rico state that a single person can adopt; however, that persons partner cannot adopt the child.”

In addition to current LGBTT struggles panelists discuss their own personal experiences as part of the community. For example, UPRM student Denise Echevarría shared her experience about not coming out of the closet and she added: “You don’t have to live saying that you are or you are not gay, I never came out of the closet, but my advice for those who are gay lesbian or different is not to feel that you have to come out whenever people find out, if you are gay so be it.

In an additional resource and according to Towle Road, an LGBTT site, senator María González López on November 10, 2013 filed two bills to overturn the adoption law in Puerto Rico that prohibits same sex couples from adopting children. González told the Associated Press that continuing to discriminate against same sex couples will lead to economic, emotional and psychological consequences. The bill is already facing resistance from conservative religious sectors in the island.

González is also working on another bill to establish a new curriculum in public schools that will examine gender issues including sexual discrimination. If this bill were approved it will join ranks with the bill approved earlier this year to ban LGBTT discrimination in the workplace and the addition of LGBTT cases to the domestic violence law in Puerto Rico, signed by governor Alejandro García Padilla this year demonstrating the importance of this group of the society called LGBTT Comunity.

Image

The complete LGBTT Bureau including the investigative group of students, the panel and the professor of the course.

Puerto Rico’s Brain Drain Problem

By: Antonio G. Santiago

The island is in crisis and in a year 15,000 people left the island to go to the United States. Panelists convened at a press conference about Puerto Rico’s “brain drain” problem and agreed that in order to keep youngsters here the salaries need to get better, that was said on October 31, 2013.

Panelists included Erwin Maldonado, a historian, who graduated from the UPRM and José S. Ortiz, a third year UPRM student of pure math with a minor in civil engineering.

Ortiz is an example of the many students that come from the U.S. to P.R. to study. He was raised in the U.S. but decided to come to study at the UPRM because it was cheaper than U.S. universities. “The money I’m saving now I can use later to get a masters degrees in the U.S.,” he said

According to the dictionary, the brain drain is the loss of skilled intellectual and technical labor through the movement of such labor to more favorable geographic, economic, or professional environments; it has many causes and is hard to just give one reason. Also there are numbers of effects it generated on the nation.

A reason that has caused the brain drain is the low salaries that are offered in the island, comparing them to the U.S. they double the amount. With that in mind the students know they have the opportunity to earn more money outside of P.R. Jose mentioned that in order to stay in P.R. the jobs should have better salaries than the ones they have right now.

For panelist Erwin Maldonado comparatively lower salaries are not the only reason why the highly educated leave the island. He claims that many leave because of the criminality rates in Puerto Rico without realizing that in places like New York City and Miami they might encounter a worse situation. “The only way to avoid criminality is going to a country side far from the city,” Maldonado said.

Ortiz talked how the university or institution the students come from influence when a company is hiring. He gave an example of how a company here in P.R. is going to give a job to a person that comes from Massachusetts Institute of Technology and the one from the UPRM would go home hands empty.

Facing these various obstacles, many would think that creating your own business is an easy solution. Meanwhile Maldonado said “is not easy to do because before you earn a penny you have to pay taxes that are very expensive.”

One of the most worrisome effects of the brain drain is the exodus of medical personnel. Danica Cotto, a writer for Huffington Post, reported on April 17, 2013 that in the last five years the number of doctors in Puerto Rico has decreased from 11,397 to 9,950.

Regarding this situation and the general exit of workers, both panelists agreed that in order to keep young minds to stay here, the government should give an incentive to the ones who stay and work for their country

Not only is the exit of skilled young workers affects the economy there is also the effects on population, in the sense that Puerto Ricans are getting older according to the Statistical Institute of Puerto Rico, people leaving Puerto Rico tend to be younger and more educated than those who chose to remain. Thus, it is expected that in a few decades the median age of the population will increase into the range of seniority.

Thus, the population of the island would consist of old people and the youngsters who stay are not going to be well educated.Image

The Movement

“The US Bureau of the Census predicts that in the year 2050 the population of Puerto Rico will be 2.3 million of which 50 percent will be elderly, an island where 50 percent of people are elderly cannot support the University of Puerto Rico – Mayagüez”, said Doctor  Orlando Sotomayor.

Puerto Rico’s intellectuals are leaving the island. Graduates are being recruited by large companies or are choosing to leave the island to join the mainland’s workforce.

Companies like General Electric, Microsoft, and other U.S. government agencies attend yearly job fairs with the hope of luring in young graduates in the science, technology, engineering and math disciplines with the opportunity to work within the U.S.

Sotomayor said “Puerto Rico has been experiencing a migration of young professionals because of a combination of high unemployment rate in the island, employment opportunities for professionals as key motivators for the increase in migration in recent years”.

U.S. encroached necessities that expand costs and lessen aggressiveness, such as the Jones Act, which requires U.S. ships, signals, and workers on all ships transporting merchandise between U.S ports. As an island, Puerto Rico depends a great deal on shipping than any U.S port city, and has been harmed relatively that considerably increasingly consequently.

A transportation framework on the island with inadequate vicinity of railroads, and over-dependence on trucking over an arrangement of poorly administered streets.

Productivity that ranks around the most noticeably awful on the planet, by the World Bank. A delicate money framework with impeded capital and over-dependence on outside financing instead of store collecting.

The fragile money saving segment restrains the accessibility of financing to organizations, making the accessibility and cost of capital for business extension and entrepreneurial action risky.

Puerto Rico has been in a recession since 2006. The obligation emergency is not new and has been growing for a long time with major government plan shortages secured by bond bargains. In 2008, the representative cut 38,000 legislature occupations, diminished salary assets considerably, and cut the corporate charge rate.

These deliberations accelerated humble development by 2012, however since one-third of the nation is utilized by the administration, the individuals who lost their occupations were not satisfied with these changes and voted for another governor in 2012.

While Puerto Rico’s debt challenges are not original, its province status and vicinity to the U.S. make conquering these tests more troublesome. It is for every capita salary is less than any U.S. state, yet it does not have the adaptability to address work and other investment approaches that could make it more aggressive in the worldwide commercial center.

Given the assessment free status of its city securities, Puerto Rico’s obligation has become colossally as the expense of acquiring cash was very low. While bankruptcy is not an alternative for the island, speculators all around will work with Puerto Rico to lessen the obligation and give it possibility to let the later changes enhance the economic climate.

Image

If you ask we will answer.

« Older entries