$15 Minimum Wage Would Boost 17 Million Workers, Cut 1.3 Million Jobs, CBO Says

The Congressional Budget Office analyzed the impact of lifting the $7.25 federal minimum wage to $15 by 2025. The House is expected to vote next week on a bill to lift the federal minimum.

Raising the federal minimum wage to $15 an hour by 2025 would increase the pay of at least 17 million people and lift 1.3 million Americans out of poverty, but also put 1.3 million (and up to 3.7 million) Americans out of work, according to a study by the Congressional Budget Office.

The CBO predicted much bigger job losses than House Democrats, who have pushed for the $15 minimum wage, expected.

So let me get this straight, the higher minimum wage was expected to lift 1.3M Americans out of poverty but plunge 1.3M (and up to 3.7M) Americans into poverty. Wow! Maybe we should just keep the federal government out of our lives and tell them to keep arguing between themselves while we live our lives in peace and raise our children.

The Paris Climate Fraud

The world signed on to a really bad agreement in Paris and the US mistakenly agreed to part of the charade so that the politicians could feel better.

I am not a Trump supporter, but it was wise for him to reverse the foolish commitment made by Mr. Obama.

The Paris Climate Fraud

Thanks President Donald J. Trump for withdrawing from the Paris Climate Agreement! City Journal's Oren Cass explains that it's even worse than I thought:

Posted by John Stossel on Wednesday, June 26, 2019

Arizona Governor Withdraws Incentives After Nike Pulls Flag Shoe

I am done with Nike.

Colin Kaepernic was a so-so football player that was close to the end of his career. He wasn’t even good enough to get a job as an ESPN analyst. He maintained his relevance to some American consumers by inspiring contempt for America’s symbols. His original protests were supposed to be about police violence but now he seems to be branching into other forms of outrage – whatever will get his name in print, it seems.

I think everyone that hates America’s symbols just because they are old should buy Nike products and everyone else that loves America and understands that we have never been a perfect country but we sure have been better than the majority of countries in the last 250 years should not buy Nike products.

Good job to Governor Ducey for drawing a line in the desert sand.

Soon Your Phone Will Be Your Driver’s License, MetroCard and More

While digital versions of our credit and debit cards aren’t widely accepted just yet, it’s a given that in the future, the majority of the places where we shop will accept Apple Pay, Google Pay and the like. I look forward to the day when I can increase my personal security and reduce my pocket bloat by only carrying a small computer (my phone) to identify me and conduct my transactions.

From government IDs to hotel keys, the rest of our cards are quickly moving to mobile phones. As this becomes more ubiquitous, it will be harder and harder to justify carrying unique pieces of plastic in your wallet.

I look forward to this image being everywhere!

 

Great reading on this topic: Soon Your Phone Will Be Your Driver’s License, MetroCard and More – WSJ

Many Politicians Are Two-Faced When It Comes To Tariffs

As I write this, POTUS Donald Trump is pledging to begin tariffs on Mexico for its accused lack of assistance in the immigration crisis on the southern border of the US. Here is a quick news account from Politico:

The White House pledged on Thursday to charge ahead on tariffs on Mexico, saying the U.S. position “has not changed” after officials met for a second day to address the steady flow of Central American migrants trying to enter the United States.

Talks between Mexican and U.S. officials at the White House wrapped up without resolution. Several key officials in the administration were unavailable for negotiations. President Donald Trump was in France for the 75th anniversary of the D-Day invasion, and both Vice President Mike Pence and Secretary of State Mike Pompeo were on the road.

Good Advice from Chief Justice John Roberts

John Roberts, Chief Justice of the United States, gave a commencement speech at his son’s middle school graduation ceremony that is absolutely perfect.

From time to time in the years to come, I hope you will be treated unfairly, so that you will come to know the value of justice. I hope that you will suffer betrayal because that will teach you the importance of loyalty. Sorry to say, but I hope you will be lonely from time to time so that you don’t take friends for granted. I wish you bad luck, again, from time to time so that you will be conscious of the role of chance in life and understand that your success is not completely deserved and that the failure of others is not completely deserved either. And when you lose, as you will from time to time, I hope every now and then, your opponent will gloat over your failure. It is a way for you to understand the importance of sportsmanship. I hope you’ll be ignored so you know the importance of listening to others, and I hope you will have just enough pain to learn compassion. Whether I wish these things or not, they’re going to happen. And whether you benefit from them or not will depend upon your ability to see the message in your misfortunes.