Tuesday, October 20, 2020

Tag: America Doesn’t Have a Wage Problem; It Has a Money Problem

America Doesn’t Have a Wage Problem; It Has a Money Problem

by Peter Schiff, Schiff Gold:

The minimum wage debate obscures a more significant problem in America. We don’t primarily have a wage problem. We have a money problem. Government devaluation of the dollar over the years has stolen money from average Americans. But instead of dealing with the core issue, the fight centers around wage policy and offers solutions that will just exacerbate the problems.

While we’re on the subject, a recent study by the Congressional Budget Office put a little bit of a damper on the “Fight for 15” minimum wage initiative.