Peter Schiff appeared on Yahoo! Finance last week to talk about Obama’s plan to raise the minimum wage, and how disastrous that would be for the economy:
“The president is talking about all the extra purchasing power that minimum wage workers are going to have. Well, where is that all coming from? Somebody has to pay those higher salaries. Either the employer takes less in profits or the customers pay higher prices. Either way, that damages the economy…The irony of raising the minimum wage is that the people it hurts the most are the very people Obama claims to be championing: the poor, the unskilled, the middle class.”
Watch the Video Interview Here
Minimum Wage Only Hurts the Poor (Video)
Peter Schiff appeared on Yahoo! Finance last week to talk about Obama’s plan to raise the minimum wage, and how disastrous that would be for the economy:
Watch the Video Interview Here