Investors on High Wire Without Fed’s Net – Ep 802
The Peter Schiff Show Podcast
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The Labor Market Is Not Good for Workers at All
Wages are collapsing at an unprecedented rate. The gap reported a disappointing quarter, down now over 70 % from its high. Gap customers just don't have enough money left over to go shopping and buy clothing after theyv finish paying higher rent, higher cost for food, higher utilities or gas, or insurance,. Or all the necessities of life that are going up so much more rapidly than their meagre pay increases. So this is not a great economy for workers. It is a lousy market for workers. And as long as the minimum wage isn't increased, it's going to drop dramatically over the next several years. That's going to bring a whole new group of people into the labor
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