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Insider Trades(ing) A weekly digest so good it feels like cheating · by Growth Plug
Issue 06 · Michigan
The Ballot Box · Part 3 of 3

Four of Your Costs Are on the Ballot. Here's the Cold Read.

The finale. Two levers split the candidates harder than anything else — prevailing wage and taxes — and one of them only touches you if you bid public work. Here's the divergence, and a cold checklist to price your own ballot before Tuesday's primary.

By Andrae J.· Insider Trades(ing)· August 2026·8 min read

We opened this series saying the governor's race is really a repricing of five costs you can't opt out of, and that half of them only reach you if you touch public work. This is the issue where that split gets real. Two levers — labor law and taxes — are where Benson and James diverge the hardest, and where the "right" answer for your shop flips completely depending on your book of business. Start with the one most owners underrate: prevailing wage.

Here's the recent history in one breath. In 2023 Michigan did something no state had done in nearly sixty years: it repealed its Right-to-Work law and reinstated prevailing wage, effective February 2024. Prevailing wage means union-scale wages and benefits are required on state-funded construction; a 2024 expansion swept large solar, wind, and storage projects into it too. Jocelyn Benson — endorsed by the Michigan AFL-CIO — would keep all of it. John James, aligned with a Republican legislative package to restore Right-to-Work and repeal prevailing wage, would unwind it. That is not a rounding error on a public bid. It's the wage line itself.

2023
Michigan repealed Right-to-Work & reinstated prevailing wage — the first state to reverse RTW in ~60 years
Public only
Prevailing wage governs state-funded work. Private/residential jobs don't touch it — so this lever is all-or-nothing by shop
25%
The income-tax cut James proposes in year one, with a stated goal of eliminating it; Benson favors targeted relief instead

Part One · Labor

Prevailing wage is the biggest line on the ballot — for some of you, and none of the rest

If your shop bids schools, municipal buildings, road-adjacent work, or the new energy projects, prevailing wage sets a wage floor on that work. Keep it (Benson) and your labor cost on public jobs stays at scale — which raises the number but also levels the field, since every bidder pays the same floor and the union pipeline stays fed. Repeal it (James) and the floor drops — lower mandated labor cost, but a more open, more price-cut-driven bid environment, and a weaker formal-apprenticeship pull. Neither is "good" or "bad" in the abstract; they're different games, and which one you'd rather play depends on whether you compete on wage or on price.

And if you don't bid public work — most residential remodelers, service HVAC, private-side plumbers and electricians — this entire fight is background noise. Right-to-Work's return or repeal changes union dues and security-clause mechanics, not your Tuesday. That's the honest read: prevailing wage is simultaneously the single most important lever on this ballot and completely irrelevant, depending on one fact about your shop.

One thing to watch

Even if you're private-side today, note where the funded work is heading. The 2040 clean-energy buildout from last issue — solar, wind, storage — is now prevailing-wage-covered. If you ever plan to chase that pipeline, prevailing wage stops being someone else's issue and becomes your entry ticket's price.

Part Two · Taxes

The one lever that hits every owner, public work or not

Taxes are the opposite of prevailing wage: they reach everyone. Most trades shops are pass-throughs — an LLC or S-corp where the business income lands on the owner's personal return — so Michigan's income tax is, functionally, a tax on your take-home. James proposes cutting it 25% in year one and aiming to eliminate it entirely, plus property-tax relief that would touch your yard and shop real estate. Benson goes the other way on method: targeted, means-tested relief and "streamlining" rather than an across-the-board rate cut, on the argument that eliminating the income tax blows a hole in the budget that funds roads and services.

For an operator the tradeoff is legible. A rate cut is money in your pocket now, with a longer question about what gets cut to pay for it — including, potentially, the road and infrastructure budgets that generate trades work. Targeted relief means less in your pocket unless you fit the target, but a steadier public-works spend. You're not choosing a philosophy; you're choosing which end of your own P&L you'd rather protect — the take-home line or the public-project pipeline.

The Turn

There is no "pro-business" candidate. There's only the candidate who's better for the specific shop you actually run.

So stop scoring the race on vibes and score it on your own invoice. Here's the checklist.

The Cold Checklist

Price your own ballot in five lines

Run your shop through the five levers from this series. Mark the ones that actually touch you, weigh only those, and let the rest go.

1
Energy
Touches everyone. Score it on who you trust to seat an MPSC that keeps the data-center grid bill off your meter — not on who sounds greener or cheaper. (Issue 05.)
2
Prevailing wage
Touches you only if you bid public/state-funded work. If yes, it may be your single biggest line — keep-vs-repeal changes the wage floor outright. If no, skip it.
3
Taxes
Touches everyone (you're almost certainly a pass-through). Weigh a 25%-and-falling income-tax cut against targeted relief plus a steadier public-works budget. Pick the end of your P&L you'd protect.
4
Permitting
Touches everyone, but it's mostly rhetoric until proven. Discount the "cut red tape" line from both until you see the record. (Issue 04.)
5
Where the work flows
Touches you if you chase funded projects — clean-energy buildout vs. all-of-the-above. Decides which trades see the work, at what wage floor.

Add it up and most owners find the race collapses to two or three lines that actually matter to them — and those lines rarely match the party label they walked in with. A residential remodeler's ballot is basically energy and taxes. A commercial-and-public electrician's ballot is prevailing wage, funded work, and energy. Same election; different math; and now you've done the math the ads won't.

On the Ground

The primary is Tuesday. The field narrows to your two costs.

On August 4, a field of more than ten becomes two nominees — the two names your energy, labor, and tax lines will actually ride on into November. Whatever your checklist told you, the value was never in the prediction. It was in walking in with your own invoice in hand instead of someone else's slogan. That's the whole franchise: take the thing a government is about to do — or undo — and price it onto your jobsite before it prices itself.

That closes The Ballot Box. Three issues, five levers, one cold read. Whichever way you vote Tuesday, you'll bid the next four years with your eyes open — which is the only edge a newsletter can honestly promise.

Straight talk

A business-impact read, not an endorsement or political advice. Positions are quoted from the candidates' platforms and public reporting as of summer 2026; the labor-law history is from the 2023–24 statutes. Platforms shift and a governor needs the Legislature to move most of this. We're not telling you how to vote — we're handing you the checklist so you can vote your own priorities with the numbers in front of you.

See the next one coming before your competitors do.

Insider Trades(ing) is a free weekly read on the forces quietly reshaping the trades — rules, power, parts, people, and the money moving in behind them. One sharp insight a week. Leave anytime, one click.

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Part 3 of 3 · The Ballot Box · Catch up: Part 1 · Part 2
Sources
  1. Butzel Long, "Michigan Repeals Right-To-Work and Reinstates Prevailing Wage" (signed 2023, effective Feb 13 2024; 2024 expansion to qualifying energy facilities) — butzel.com
  2. Bridge Michigan, "Right to Work repeal, prevailing wage clear Legislature, head to governor" — bridgemi.com
  3. Bridge Michigan, "In their words: How Michigan governor candidates would build the state economy" (June 2026; James income-tax cut, Benson affordability approach) — bridgemi.com
  4. Ballotpedia, "Michigan gubernatorial election, 2026" (Aug 4 primary; candidate fields) — ballotpedia.org
  5. Michigan Chamber of Commerce, "House Votes to Repeal Right to Work, Restore Prevailing Wage" (business-side perspective) — michamber.com