Abolish the Minimum Wage! Says Peter Schiff

Abolish the Minimum Wage! Says Peter Schiff "A family with two kids that earns the minimum wage still lives below the poverty line. That's wrong... Tonight, let's declare that, in the wealthiest nation on Earth, no one who works full time should have to live in poverty, and raise the federal minimum wage to $9 an hour." Peter Schiff of Euro Pacific Capital discusses how he believes a minimum hike wage would impact the economy ,
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Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.