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



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.