California’s economic leadership is undeniably in jeopardy. Californians are becoming too familiar with slowing income growth, falling job opportunities, and ever rising costs of living.
It’s a new year, a time for resolutions and fresh starts. Of course, only 9 percent of people who declare New year’s resolutions ultimately fulfill them. Most will give up before January ends. Such a dour outlook is a bit of a wet blanket, but it is apropos for California’s economic prospects in the coming year.
Our political leaders optimistically crow about the state’s future. Gov. Gavin Newsom calls the state “an economic powerhouse.” From Biotech Beach in San Diego to Silicon Valley in San Jose, the future has often been invented in California. However, the Golden State is one of the world’s largest economies because of its past achievements, not its economic prospects, which are an entirely different story.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.
If California is an economic powerhouse, then where are the jobs?
Wayne H Winegarden
California’s economic leadership is undeniably in jeopardy. Californians are becoming too familiar with slowing income growth, falling job opportunities, and ever rising costs of living.
It’s a new year, a time for resolutions and fresh starts. Of course, only 9 percent of people who declare New year’s resolutions ultimately fulfill them. Most will give up before January ends. Such a dour outlook is a bit of a wet blanket, but it is apropos for California’s economic prospects in the coming year.
Our political leaders optimistically crow about the state’s future. Gov. Gavin Newsom calls the state “an economic powerhouse.” From Biotech Beach in San Diego to Silicon Valley in San Jose, the future has often been invented in California. However, the Golden State is one of the world’s largest economies because of its past achievements, not its economic prospects, which are an entirely different story.
Read the op-ed here.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.