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2) Senate Candidates in California Want a Federal Minimum Wage Equal to a $100,000 Annual Salary
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This scene could easily be mistaken as a Saturday Night Live game show skit. But, sadly, this spectacle isn’t a spoof, rather the reality of Democrats running for US Senate in the land of fruits and nuts. They are in a continual bidding war on how they want to raise the federal minimum wage with the current bid at $50 an hour.
By the way, for a 40-hour-a-week full-time job, that’s the equivalent of a $100,000 a year MINIMUM salary!
How high will the bidding go? Do we hear $60? How about $70 an hour for a Starbucks barista, a restaurant hostess, or a school crossing guard?
Our back-of-the-envelope calculation is that a $50 federal minimum wage would cause at least 10 to 20 million lower-wage and less-skilled Americans to lose their jobs. That will really help the poor.
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3) For Young Americans the Gold Rush Is Happening in Texas
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Generation Z (those born between the mid-1990s and 2012) has a reputation for being trendy, fixated on technology, good at multitasking, and highly ambitious.
These upwardly mobile workers aren’t headed to California, Manhattan, or Boston to make their fame and fortune.
They are flocking to Texas, which is attracting more of these young workers than other states.
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Zillow, the Seattle-based national real estate firm, has pored over US Census updates and found that Texas netted nearly 80,000 Gen Z workers moving into the state in 2022. That’s nearly TWICE as many Gen Z movers as relocated to California and Florida combined.
Texas is now home to four of the 10 largest cities in the country — Dallas, Houston, San Antonio, and Austin. One major attraction is affordable housing, no income tax, and light-regulation, which is a sharp contrast to the northeast and California.
Texas, in short, has become what California was for decades – a hip Mecca for younger workers to get rich.
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4) Trump Crushing Biden on the Economy
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This heading from the Financial Times says it all:
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Far more Americans trust Donald Trump to handle the US economy than Joe Biden despite months of strong growth, according to a new poll. The survey for the Financial Times and the University of Michigan Ross School of Business found that 42 per cent of Americans felt Trump would be the best steward of the US economy, while only 31 per cent chose Biden. Around one in five — 21 per cent — said they trusted neither.
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No wonder that only 26% say Biden's policies have helped the economy, 46% say they've hurt the economy and 19% say they've had mixed results or no impact. One in three voters believed Biden’s economic policies have “hurt the economy a lot.”
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5) The COVID Fear Mongers Are Back
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The left-wing activist group MoveOn just a blast email last night warning "we're in the middle of another COVID surge" and demanding MORE FREE COVID TESTS. What’s next? Bring back lockdowns and mask mandates? These people are insane. They LIKE COVID.
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For the record, we're not in the middle of a COVID anything – we're about six weeks past this winter's peak, which was the lowest ever.
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