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October 25, 2011

All Protective Labor Laws, Including Minimum Wage Laws, Should Be Repealed

Just as employees are allowed to leave jobs for whatever reason, employers should be allowed to hire and fire based on any criteria without fear of litigation.

In other words, liability cost for hiring employees should be minimized. Employees become easier to hire once employers know that their downside risks are minimized. In addition, all protective labor laws, including minimum wage laws, should be repealed. - in Reason Magazine

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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