Minimum Wages & Economics 101

“There’s a law in economics, supply and demand, that you learn in Econ 101, and if you increase the price of something, you decrease the demand. The higher you make the minimum wage, the more jobs are going to be destroyed." - in Raw Story

NEW WEBSITE: SCHIFF ON THE MARKETS (CLICK HERE)

You can keep reading Peter Schiff`s market updates and commentary on this new website: Schiff On The Markets (click on the link or on the image below to access the new site)

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. Visit the new website Schiff On The Markets for exclusive content.