Biden Wants to 'Make America California'
Oh, it was a record for California. Before the pandemic, the state's unemployment was 12th worst in America. Now, it's 3rd worst.
The statement continues, "We remain the fifth largest economy in the world... home to 20 of Fortune's fastest growing companies."
But that only means California was hospitable to business years ago. Now Oracle, Tesla and many other companies are moving operations to other states.
A big reason is California's onerous regulations. They make it hard to create anything new. It's also a reason housing costs so much.
California passed a law raising its minimum wage from $13 to $15/hr. That's one reason many Californians can't find any legal work.
A good thing about America having 50 states is that when states fail, we can learn from their mistakes. People defeated by California's rules move to Nevada or Texas. But if the federal government adopts California's rules, where can we move?
The Congressional Budget Office says a national $15 minimum wage will help some people, but it will cost 1.4 million jobs.
Yet, Biden wants the higher minimum.
Biden's plan for America also includes a new version of Cash for Clunkers, the absurd program that once paid people to junk old cars. California has its own version, which the state claims helps reduce emissions.