Hey, everybody, David here. What you're about to hear is an episode of the bonus show. We do a bonus show every day for our members and for a limited time. We will release one of the week's bonus shows on Saturdays exclusively for our audio podcast listeners. If you'd like to get access to all of the bonus shows, simply sign up at join packman.com.

Here is that bonus show episode.

Welcome to the bonus show.

New Mexico is doing something that no other state has done. No, it's not making

soilant free at the point of purchase. It is making child care free. The program starts in a couple

of months. It's expected to save families $12,000 a year per child. And it'll be available to all residents regardless of income.

No state has done this before.

This is something New Mexico has been working on for a while.

They created this early childhood education program and department.

The idea was always to expand eligibility for universal

child care. Now the expansion is full. There is no income eligibility at all. And it's basically

up to a $12,000 credit towards child care. Now, I don't know, you know, different states have

different child care costs. You might say, $1,000 a month is not what it costs. You know, you know, different states have different childcare costs.

You might say a thousand dollars a month is not what it costs.

You know, daycare is more expensive or right.

Well, it doesn't cover everything, but the whole point is regardless of income, you will have

up to $12,000 available here.

And the idea also comes with the plan to construct new child care facilities, which will pay

staff a minimum of $18 an hour.

I do think, Pat, in thinking about this, it is important to consider that in general in New

Mexico, wages are lower and cost of living is lower.

And so while these numbers may sound extremely low for a place like New York

...