The Road To Hell Is Paved With Good Intentions

Peter Schiff explains how congress put thousands of Samoans on the streets.

 

The good doers in congress mandated that companies in Samoa pay their workers federal minimum wage.

Samoa was basically a base of operations for the Tuna industry.  Tuna makers had their canning facilities in Samoa because the low cost of living allowed them to pay the workers very low wages which made the manual labor canning facilities very economical to operate there.

After mandating the Tuna companies must pay their workers at federal minimum wage, the Tuna makers closed up shop or laid off thousands of workers due to the increase in operating expenses.

Now a huge swath of Samoa is out of work and on unemployment.

Praise Mao, for you are too dumb to decide how much you will work for.