He’s correct.
Hello Puerto Rico!
“Puerto Ricos crisis illustrates the risks of minimum wage hikes”
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“How US wage laws helped sink Puerto Ricos economy”
http://nypost.com/2015/07/11/how-us-wage-laws-helped-sink-puerto-ricos-economy/
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“Puerto Ricos Pain Is Tied to U.S. Wages
Economists say islands use of the mainlands minimum pay helps crimp its economy”
http://www.wsj.com/articles/puerto-ricos-wages-are-no-benefit-to-its-economy-1435787367
Surprising that the Washington Post actually coveted the fact that an artificially high minimum wage contributed to the collapse of Puerto Rico’s economy.