LAOP 2025 · No. 03
Gustavo Vélez
Founder, Intelligent Economics (at the time of recording)
We are operating in an economy that has lost its ability to innovate, change, and grow.
Gustavo Vélez
view
Economist Gustavo Vélez put the numbers on the table. Puerto Rico lost its capacity to grow years ago, recent gains rode on roughly $34 billion in federal recovery money, and labor productivity keeps falling. The island is back to about its 1980s population, much older, and needs some 200,000 more workers after roughly 600,000 people left. Structural fixes will take a decade or more, he said, so organizations have to get more from their own people now.
Read the Forbes columnTake the Conviction Diagnostic. In three minutes, see where you've traded who you are for who the room wanted, and exactly where to begin reclaiming it.
His story starts where reinvention did: a family that left everything behind for a new country and refused to call it loss. Cuban Roots →
