Silver as an investment

WealthCycles: Minimum Wage = Maximum Hardship

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

Looks Can Be Deceiving

On November 4, 2014, the majority of voters in Alaska, Arkansas, Nebraska, and South Dakota chose to increase unemployment among the poorest people, prevent the most economically disadvantaged from breaking the cycle of poverty, raise the prices of food, clothing and other essentials, and discriminate against immigrants, minorities, and the young.

Of course, the voters in these states didn’t know they were doing these things. Quite the opposite: They thought they were helping the poor by raising their state minimum wages above the federal level of $7.25 an hour. In fact, 23 states — and Washington, D.C. — currently have minimum wages above the federal mandate, and the cities of Seattle and San Francisco made history this past summer by raising their minimum wages to $15 an hour.

On the surface, minimum wage laws look pretty good. Can you think of anyone who wouldn’t want a bigger paycheck? Of course not. But when employers are forced to pay employees more per hour — for no reason other than because the government says so — a lot more problems are created than solved.

 

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