Peter Schiff: People Are For Higher Wages, But Not On Their CostssteemCreated with Sketch.

in #economy • 7 years ago

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Peter Schiff asked WalMart customers, whether they would support a 15% hike of WalMart employees' wages. The answer was: yes.

However, when Peter asked for customers' contribution in other to fulfill this aim, the people became less enthusiastic.

The moral of this story is a follows: everybody loves cheap stuff and high wages. However, only under the condition that others pay the price.

#wages #prices
7 years ago in #economy by
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