Peter Schiff Asks: Will Walmart Shoppers Support "Everyday High Wages"?


Peter Schiff, author and analyst, who tries to see if people who
say they support higher minimum wages equally support the higher
prices that will be a result.

About 6 minutes and well worth watching. Here’s the writeup
his YouTube channel

Published on Dec 16, 2013

Walmart touts “Everyday Low Prices,” but we asked its customers
to support ‘Everyday High Wages” instead. We posed as
representatives of “15 for 15,” a make-believe organization
advocating that Walmart raise prices by 15% and use the extra cash
to pay its low-skilled workers $15 per hour. The surcharge would be
added to customer’s bills at checkout, just like a gratuity at a
restaurant. Not surprisingly few shoppers supported our cause. Even
those who felt Walmart workers should be paid more did not want to
pay higher prices themselves to make it possible. Those demanding
higher wages for Walmart’s workers should consider the importance
of low prices to Walmart’s customers.

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At the height of the Occupy Wall Street movement, Reason TV
filmed Schiff mixing it up with protesters in New York’s Zuccotti
Park. Still bracing and insightful. More Schiff/Reason vids

are here


from Hit & Run

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