Is the Puerto Rican government serious about wanting to reform its moribund economy and repair its dire fiscal condition? That question has just been answered by Governor Ricardo Rosselló with a resounding “no.”

The latest confirmation of the governor’s recalcitrant attitude toward reform is manifested in his recent statement that the island would refuse to implement virtually any of the reforms put forth by the island’s Oversight Board. These reforms included having the government take some tangible steps to boost the labor force participation rate, such as delaying a draft plan to boost the minimum wage rate to $8.25 an hour. The existing $7.25 minimum wage is the equivalent of a $20 an hour minimum wage on the mainland, adjusting for relative wages. Increasing it further—to the point where it is close to the island’s median wage—is insane, to put it bluntly.