Economics

Not unlike the Hebrews departing Egypt and the Okies exiting the dust and famine of the 1930’s Midwest, the number of Californians getting the heck out of Dodge—so-to-speak—is staggering.

Between 2004 and 2013—in just one decade--about five million Californians left the state. Roughly 3.9 million people came here from other states during that period, for a net population loss of more than one million people. The trend resulted in a net loss of about $26 billion in annual income.  read more »

Is America’s free market system working as advertised? Mostly yes, but it depends to a surprising degree on where you live.

Gov. Gavin Newsom has committed himself to look for ways of “unlocking the enormous potential” of the Central Valley, but in reality he seems more interested in slamming the door to its prosperity behind him.

In two critical moves the former San Francisco mayor has shown his incomprehension of how to address the needs of the vast California interior, particularly the over 6.5 million people in the 17 counties of the Central Valley.  read more »

This decade has witnessed an unprecedented expansion of the Greater San Francisco Bay Area (the San Jose-San Francisco combined statistical area or CSA), with the addition of three Central Valley metropolitan areas, Stockton, Modesto and Merced. Over the same period, there has been both a drop in the population growth rate and a shift of growth to the Central Valley exurban metropolitan areas.  read more »

For decades, there has been substantial dispersion of population in Greater Los Angeles (Los Angeles combined statistical area or CSA), as the suburban areas outside the urban core have dominated population growth. The latest population estimates by the US Census Bureau confirm the continuation of that trend. But something has changed. In recent years the Los Angeles CSA has experienced an unprecedented slowing of growth. The little growth has occurred has been dispersed away from coast, especially from Los Angeles and Orange counties to inland Riverside and San Bernardino counties.  read more »

The Green New Deal, an ambitious US congressional resolution introduced in 2019 that met substantial political pushback and failed to gain official approval, proposed among other things to provide housing, health care, and jobs via an economic stimulus package targeting green technology.  read more »

Westerners tend to identify China’s coming political crisis with developments such as the brave, educated, and often English-speaking protests in Hong Kong. Although they undoubtably pose an annoyance to Xi Jinping’s regime, the real existential challenge to the regime derives not from China’s middle orders but from the very classes that gave birth to the Communist regime.  read more »

Chances are at some point in your life you have been turned off by a discourteous hotel receptionist, an indifferent server at a restaurant, or a poorly trained salesperson at a clothing store. As a result, we might complain to our friends or on social media – or possibly notify the management of our bad experience. We may take our business to competitors with the expectation of receiving better service. However, we would rarely indict all hotels, restaurants, and clothing stores as deficient and needing reform as a result.  read more »

For virtually all of its history from statehood in 1850 to 2000, California was a magnet drawing households from the rest of the United States for better lives. Indeed, in a nation that had its "American Dream," California had its own "California Dream."  There was no Oregon dream, despite its mountains , seashore and proximity to California, nor was there a Maine or South Carolina dream.  read more »

Although there is a perception by some that the state of Illinois is in decline, the reality might not be quite so bad, at least at the moment. Estimates indicate that the population of Illinois has declined by about 1% since 2013. However, the population of the state is still larger than it was in 2000.  read more »