Peter Schiff warns US job numbers are up only because Americans are ‘forced to take 2 or 3 jobs’ — rubbishes Biden economic wins as ‘lipstick on a pig’ and claims Fed has lost inflation fight

9 comments

1. Same guy who said bitcoin would never go above 10k was it? 20?

   with that said, more than 5% of the workforce have 2 or more jobs. That is pretty wild considering thats over 8 million people.

2. Inflation can be solved with more competition. Break up the monopolies that are colluding and price fixing.

3. And his solution is to abolish the FED and replace paper money with gold that’s not printable. So no monetary expansion means what? Deflation forever? Spiking unemployment?

4. Lmao, unemployment is not calculated on the number of jobs one holds

5. Every time this guy comes up, I have to remind myself it’s not the guy from the West Wing (Richard Schiff).

6. Peter Schiff is an idiot or he thinks we’re idiots. The number of workers with multiple jobs is right around [5%](https://fred.stlouisfed.org/series/LNS12026620), which is in line with historical trends. What a lazy talking point.

7. I think the unemployment rate is a good indicator of the job market situation.

8. So both, ‘Noone wants to work anymore’ AND ‘numbers only look good because people have multiple jobs’. And people eat this up.

9. https://youtu.be/LLr5oWfoWRY?si=srplaXDN3dVNhe08

   Peter Schiff did this cringeworthy stunt on youtube, i guess his bend was walmart workers cant have higher wages, because shoppers dont want to pay higher prices. I pointed out he leaves the huge valuations of The Walton family.

   Anyways, hes a poverty wage supporter, poverty wage earners take on multiple jobs.

   So he has himself to blame, him and hus garbage economics he espouses.