Peter Schiff Video 7/9/11 -- Jobs, Jobs, Jobs

[SLSteven]

http://www.youtube.com/watch?v=uh3Z-JbqIJU&feature=player_embedded

 

[newbitech]

Just listened to this with a friend.

After it was over, here is what was said.

Friend - "Who was that?"

Me - "Peter Schiff, EuroPac, Crash Proof, Austrian Economist, Predicted Housing Crisis"

Friend - "I don't agree with some of the things he said."

Me - "For instance?"

Friend - "I don't think it would happen like he thinks it would."

Me - "Specifically?"

Friend - "I think employers would exploit employees"

Me - "Isn't that already happening?"

Friend - "Yes BUT, it would happen more with out laws to protect employees."

Me - "Would you like another cup of coffee?"

 

[hazek]

You should ask your friend if someone who is desperately looking for a job and is willing to work for less than what is currently the minimum wage is right now better off because he is not getting "exploited" but also can't get a job because no one can afford to pay the minimum wage for his skills?

And that's just one of many examples how people would gladly be "exploited".

 

[cubical]

Employers couldn't exploit their employees because their employees could leave.

 

[Seraphim]

Schiff is one of my hero's. I don't give out the hero label very often.