How Restrictive Labor Laws Keep Puerto Rico's Economy Down

The Financial Oversight Management Board, a federally-mandated advisory group, has worked to help Puerto Rico deal with its financial crisis and establish policies that will lead to long-run growth. The board says Puerto Rico must reform its labor market to have a bright future.

Puerto Rico's governor has agreed to most of the board's proposed reforms, but the island's legislature is trying to block the labor reforms that Puerto Rico's people need.