FINE WITH IT, THAT IS FINE TOO BUT THAT IS THE REALITY HERE,
SOMEONE PAYS FOR THIS AND THAT
WOULD BE YOU.
DAN GELTRUDE IS HERE, RAY WANG
IS HERE, WITH CONSTELLATION
RESEARCH.
RESEARCH. DAN, LOOKING AT THIS, PEOPLE
FORGET THAT, RIGHT?
THE FACT OF THE MATTER IS NO
MATTER HOW YOU FEEL PAYING
GOVERNMENT CONTRACTORS A
15-DOLLAR MINIMUM WAGE,
TAXPAYERS WILL FOOT THE BILL FOR
THAT.
THAT. THAT IS JUST REALITY, RIGHT?
>> YES, IT IS.
BASICALLY WHAT JOE BIDEN IS
SAYING IS, I AM NOT INTERESTED
IN GETTING COMPETITIVE PRICING
FROM VENDORS THAT ARE GOING TO
BE DOING BUSINESS WITH THE
FEDERAL GOVERNMENT.
FEDERAL GOVERNMENT. WE WANT TO PAY MORE.
NOW THE GOVERNMENT DOESN’T HAVE
THEIR OWN MONEY AS YOU SAID,
NEIL.
NEIL. THAT IS COMING OUT OF THE POCK
POCKETS OF THE TAXPAYERS.
I JUST DON’T UNDERSTAND WHY
THERE ARE PEOPLE THAT DON’T
UNDERSTAND THE ECONOMICS OF
THIS.
THIS. HOW DOES IT MAKE SENSE THAT THE
GOVERNMENT IS SAYING WE WANT TO
PAY MORE FOR SERVICES?
BEYOND ME.
BEYOND ME. NEIL: RAY, DO YOU, WHEN YOU LOOK
AT THAT, RAY, THE FALLOUT THERE,
OBVIOUSLY THE PRESIDENT IS DOING
THIS AND MAKING GOOD ON A
CAMPAIGN PROMISE BUT THE WIND AT
HIS BACK IS THIS IMPROVING
ECONOMY.
ECONOMY. A LOT OF EMPLOYERS HAD A DEVIL
OF A TIME FINDING WORKERS RIGHT
NOW.
NOW. WE’LL TALK TO ONE WHO IS QUITE
FAMOUS WHEN SHE WAS ENCOUNTERING
DOUBLE STANDARD IN TERMS OF WHO
GETS WHAT KIND OF TREATMENT FROM
THE GOVERNMENT A STATE
GOVERNMENT BUT THE FACT OF THE
MATTER IS, HE HAS GOT ROOM TO DO
THIS RIGHT NOW, DOESN’T HE?
>> HE DOES.
WE GOT A LABOR SHORTAGE.
WHAT THAT WILL DO, DOUBLE,
INCREASE 30, TO 50% GOVERNMENT
CONTRACTING COSTS, MORE
IMPORTANTLY WILL LEAD TO A LOT
MORE AUTOMATION ACROSS THE BOARD
WHEN PEOPLE CAN’T AFFORD TO PAY
THE $15 AN HOUR WAGE.
IT IS NOT ADJUSTED FOR
GEOGRAPHIC DISPARITIES.
GEOGRAPHIC DISPARITIES. A WAGE $15 AN HOUR IN CALIFORNIA
VERSUS $15 AN HOUR IN MONTANA
MAY BE DIFFERENT IN THE
EMPLOYMENT ECONOMICKING THAT
BUSINESSES FACE.
BUSINESSES FACE. THIS CREATES A INTERESTING
DISPARITY.
DISPARITY. ALL SIGNS, WE’RE BUYING VOTES
HERE.
HERE. WE’RE BUYING CORPORATE VOTES,
SMALL BUSINESS VOTES, AND BUYING
GOVERNMENT AND UNION VOTES.
NEIL: MEANTIME HERE, WE’VE GOT
THIS CENSUS OUT, EVERY 10 YEARS
WE GO THROUGH THIS, SOME EARLY
RESULTS ARE THAT SOME BIG BLUE
STATES ARE GOING TO LOSE
REPRESENTATIVES IN CONGRESS AND
SOME BIG GROWING RED STATES ARE
GOING TO GAIN.
HARD TO SAY, TO QUANTIFY
EVERYTHING, BUT WHAT WE CAN SEE,
DAN, REPUBLICANS COULD PICK UP
TO FIVE SEATS EVEN BEFORE THE
ELECTION HERE ON THE NOTION THAT
THERE HAS BEEN A PATTERN SHIFT
HERE.
HERE. SO TEXAS GAINS TWO SEATS.
STATES LIKE CALIFORNIA, NEW YORK
LOSE ONE.
LOSE ONE. FLORIDA PICKS UP ONE.
MONTANA PICKS UP ONE,
NORTH CAROLINA, ONE.
AND I’M JUST WONDERING MAYBE
THIS COULD EXPLAIN THE
ADMINISTRATION AND DEMOCRATS
RUSH TO GET STUFF LIKE YOU KNOW,
HIGHER MINIMUM WAGE FOR FEDERAL
CONTRACTORS, RUSHED
CONTRACTORS, RUSHED INFRASTRUCTURE THROUGH, FAMILY
RECOVERY ACT THROUGH.
STRIKE WHEN THE IRON’S HOT.
WHAT DO YOU THINK?
>> I THINK THAT IS DEFINITELY
PART OF IT.
THERE IS NO QUESTION ABOUT THE
FACT THAT THE BIDEN
ADMINISTRATION IS RACING TO TRY
TO GET THINGS DONE PRIOR TO
THINGS POTENTIALLY CHANGING IN
2022, NEIL.
2022, NEIL. BUT YOU KNOW, THIS REALLY
HIGHLIGHTS THE WHOLE MIGRATION
IN THE UNITED STATES.
ONE, WE SEE THAT EVERY SINGLE
VOTE IN CONGRESS REALLY MATTERS
BECAUSE THINGS CAN COME DOWN TO
A SINGLE VOTE.
SO THAT SHIFT HAS A HUGE IMPACT
BUT THE BIGGER PICTURE ON THE
BUSINESS SIDE IS, WHAT ARE WE
SEEING?
SEEING? WE’RE SEEING STATES COMPETING
FOR POPULATION BECAUSE THEY’RE
OFFERING BETTER DEALS, LOWER OR
NO TAXES IS THE WAY TO HAVE
PEOPLE AND BUSINESSES COME TO
YOUR STATE.
YOUR STATE. YOU BENEFIT ECONOMICALLY AND
POLITICALLY.
POLITICALLY. NEIL: YOU KNOW I WANT TOO SHIFT
GEARSES HAVE, BREAKING NEWS
DEVELOPMENT.
DEVELOPMENT. WE WHETHER EXPECTING THIS, RAY,
CDC SAYS FULLY VACCINATED
AMERICANS DO NOT HAVE TO WEAR
MASKS IN OUTDOOR SETTINGS
DEPENDING ON CROWDING.
>> GOOD THAT THE CDC ASK
FOLLOWING THE FACT BEING
OUTSIDE, NOT HAVING TO WEAR A
MASK MAKES A LOT OF SENSE
ESPECIALLY NOT CROWDED WITH
OTHER INDIVIDUALS.
OTHER INDIVIDUALS. I THINK IT WILL HELP WITH
RESTAURANTS.
RESTAURANTS. IT WILL HELP WITH THE SERVICE
EMPLOYEES.
EMPLOYEES. IT IS ALSO GOING TO HELP WITH
THE STATES THAT OPENED UP.
IT SHOULD BE A GOOD LESSON FOR
THE STATES THAT HAVE BEEN LOCKED
DOWN FOR QUITE SOMETIME TO SEE
WHAT CAN WORK, RIGHT, AS PEOPLE
OPEN UP AND TAKING THAT FEAR