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Ron Paul Liberty Report

$20 Min. Wage In California To Bring Higher Prices, Layoffs & Automation

Ron Paul Liberty Report

Ron Paul Liberty Report

News

4.92.3K Ratings

🗓️ 5 April 2024

⏱️ 31 minutes

🧾️ Download transcript

Summary

The minimum wage outlaws jobs. The only question is which jobs are outlawed. In California, any job that can be done for less than $20 are illegal in fast food chains. Naturally, prices for consumers will go up, workers are laid off (thanks to a law!) while automation, kiosks and robotics replace them. Smaller businesses go out of business, or are never started; while big businesses adapt with much greater ease. Sounds a lot like the policies that were imposed under covid, doesn’t it? But this time, the tool of choice is the minimum wage law.

Transcript

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0:00.0

Hello everybody and thank you for tuning in to the Liberty Report.

0:04.0

With us today we have Chris Rosini, our co-host.

0:07.0

Chris, welcome to the program.

0:08.0

Great to be with you again, Dr Paul.

0:10.0

Good, and we'll talk about those usual things,

0:12.0

maybe an economic problem that we're facing,

0:14.4

both of them, no, an economic problem.

0:16.8

We have a lot of economic problems.

0:19.0

We have budgetary problems and people are getting frightened.

0:22.5

They're starting to buy gold more so than they used to.

0:25.9

So there is a lot of activity and that's what we do generally.

0:31.2

We get a lot of that in on Fridays and that to me is important

0:36.2

because we talk a lot about what's going on in the political world, the social

0:40.8

world, the legislative world, but ultimately I guess I have over the years looked at one of the

0:49.1

indicators all the way back to 1971 when stir and things were stirring it was reflected in the price of gold and you know it looks like something must be stirring

0:59.7

because the price of gold actually has been stirring and it's been up significant

1:04.4

I was impressed with the fact that people are buying silver and of course I've

1:09.6

heard about the silver boom coming for years and years and years but it was always going to be

1:14.6

gigantic but it never arrived and I keep wondering maybe we're at that point

1:19.4

because it's gone up significantly but the precious metals is where people go when they have

1:24.5

concern about what's going on is also the reason that I have partnered with

1:29.5

Birch Gold Group because that's what they do They try to help people find a way to be protected because the dollar

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