Its focus is on families; some of its locations don’t allow 18-wheelers.
Buc-ee’s is thriving in part due to economic policies that affect us all. Gas prices are down due to a combination of government policies and industry innovations (which, in turn, can be encouraged or discouraged by government policies). That means people travel more.
And 2017’s federal tax cuts mean that some people have more of their own money to spend, and companies like Buc-ee’s have more money to invest in workforce and expansion. The company is now opening locations outside of Texas.
That’s a sign that Buc-ee’s and all Americans are enjoying a high level of economic freedom. In fact, a recent Fraser Institute report notes that the U.S. has moved up to sixth place worldwide in economic freedom. That’s good news, though there’s more work to do.
Domestically, this year’s Economic Freedom of North America report by the Fraser Institute shows there are big differences between the states on economic freedom, and the resulting prosperity. Florida ranks No. 1 and Texas continues to rank near the top, while for the last decade California has ranked 47th or lower and New York dead last.
Residents and employers see the difference between the levels of economic freedom. In the last three years, population has grown more than three times faster in Florida and Texas than other areas of the country. Population in New York barely budged, rising by less than one-half of 1 percent.
When you divide the North American states into four groups, ranked by economic freedom, the average per-capita income was 7.3 percent above the national average in the most-free states, compared to roughly 10.5 percent below the national average in the least-free states.
High levels of taxes, spending and regulation make it harder for entrepreneurs to succeed. When businesses can’t expand and hire new workers, everyone is worse off. And of course, the opposite is true.
Let’s bring it back to Buc-ee’s.
It’s not just founders Arch “Beaver” Aplin III and Don Wasek who are benefitting from economic freedom. The chain passes along its prosperity to its workers. It’s so proud of its starting wages that it advertises them.
As The Dallas Morning News reports, “A sign in a window at the Madisonville Buc-ee’s on a recent weekend advertised minimum wages for cashiers or gift associates as $13 to $15, while team leaders could make $15 to $19. The sign also advertised three weeks paid time off, ‘Use it, cash it, roll it,’ and 401(k) access.”