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CEO Peter Schiff Thinks Mentally Retarded Should Work For $2

Yes, you read that correctly. Two dollars.

According to Raw Story:

Would increasing the minimum wage leave the most vulnerable workers with fewer jobs? Financial commentator Peter Schiff thinks so. The investment broker and talk radio host told Daily Show correspondent Samantha Bee that lifting the minimum wage to $10.10 per hour, as President Barack Obama announced he would do by executive order for federal employees, could have devastating effects. “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,” Schiff said. “The higher you make the minimum wage, the more jobs are going to be destroyed.

Schiff argued that eliminating the minimum wage law would allow more people entry to the workforce, and Bee asked him to identify someone whose work might be worth just $2 an hour. “You know someone that might be? Maybe someone who is – what’s the politically correct word, you know, for mentally retarded,” Schiff said. “I believe in the principles this country was founded on.”

“I’m not going to say that we’re all created equal,” he said. “You’re worth what you’re worth.”

What an azzhole. Thoughts on this guy’s logic??



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