Unintended Consequences of Minimum Wage Hike

I posted a while back on this issue.  Unfortunately, American Samoa is a microcosm of the law of unintended consequences when it comes to hiking the minimum wage in a free-market economy.  Tuna canning has become economically uncompetitive in American Samoa due to the minimum wage hike.  Peter Schiff does a good job of explaining the situation.

-Billy Ray

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