(Story from Orlando Politics)
On Tuesday, Florida Senator Marco Rubio introduced the the Economic Mobility for Productive Livelihoods and Expanding Opportunity or EMPLEO Act, which aims to help grow Puerto Rico’s economy by making it easier for employers to hire workers and giving every American on the island a immediate pay raise.
Rubio’s EMPLEO Act would establish an opt-in system by which participating employers disburse pay raises to all employees earning below the median hourly wage in Puerto Rico. Any worker earning less than $10 per hour would receive a raise, up to a maximum of $2.50 per hour. Employers that choose to participate in the program may reduce their share of a worker’s wage to a minimum of $5 per hour, thus reducing the cost of hiring new workers.
Unemployment on the island is currently hovering between 13% and 12%.