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#663 What Is Happening With Inflation? With Peter Schiff

The Pomp Podcast

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How Do You Think About Wages?

Wages are going up because the government is incentivising people not to work. 80% of american workers now make over 15 dollars an hour. Amazon just ted to hiring tens of thousands of new workers. Some of them they're going to pay 18 dollars an hour and that's a big increase. But those increases won't even be enough to cover their cost of living. And also, these jobs, because of how much more expensive they are, will end up getting eliminated.

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