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September 23, 2011

One Of The Most Anti-Poor People Rules Is The Minimum Wage

One of the most anti-poor people rules is the minimum wage. It keeps people poor. What the minimum wage does is says that if a person that has very little skills, and generally they're young or they're poor, you can't hire them unless they can produce $7.25 worth of value, but it's not just that. It also has to compensate you for all the mandatory benefits and taxes and risks associated with hiring people. - in Fox News

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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