My end-of-week morning train WFH reads: • Miami got NYC’s billionaires. Will it get their businesses? The fact is, high earners who were formerly geographically tethered to their companies can now work remotely. They are optimising their domicile for taxes, weather, and quality of life. On the slow second leg of the Miami trade. Family-office migration is one thing; firm relocations are a much higher bar. ( Financial Times ) • Repeat after me : Higher minimum wages are good for business .  Higher minimum wages seem to be beneficial for small businesses. Changes in employee retention rates after minimum wages increased. On average, existing employees were slightly more likely to stay longer at their employer if they got a higher wage. And that reduces costs for businesses in the medium term because every employee who leaves creates costs for hiring and training a new employee. The data has been clear for years; the politics catches up slowly. ( Klement On Investing )  see also Why the U.S.…