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Old 06-10-2015, 10:29 PM
 
Location: Pasadena, CA
9,832 posts, read 7,320,985 times
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Quote:
Originally Posted by TheseGoTo11 View Post
Income is much higher in the Bay Area than LA, per capita GDP is around $90k if you combine SF and SJ, compared to just $60k in LA..
Houston can say the same, but I wouldn't put Houston ahead of LA either. Considering the large immigrant population here, and the fact that it's harder to maintain a high GDP the more bedroom communities a city incorporates, a $60,000+ per capita is fine. The Inland Empire is the region with real issues. Their per capita is horrible.

Last edited by RaymondChandlerLives; 06-10-2015 at 10:56 PM..
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Old 06-10-2015, 10:41 PM
 
Location: Pasadena, CA
9,832 posts, read 7,320,985 times
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Quote:
Originally Posted by theterribleone View Post
Plus the NFL is trying to get not one but two teams into Los Angeles. I wish Measure J had passed. The Purple Line would be going to the pacific rather then stopping in Westwood.



There is a lot more poor in LA for sure, but LA does not have a dominant industry anymore, they film things in Vancouver now.
Los Angeles is poised to get a large chunk of its on-location shoots back now that California has tripled its film tax credits.

'Veep' and 'American Horror Story' among shows relocating to California - LA Times

The less dependant the city is on one industry, the better. Think Detroit. For all its issues, Los Angeles has a very diverse economy, with no one dominant industry. That's a good thing.

Last edited by RaymondChandlerLives; 06-10-2015 at 10:55 PM..
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Old 06-10-2015, 11:14 PM
 
Location: Toronto, Canada
2,482 posts, read 1,251,089 times
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Quote:
Originally Posted by RaymondChandlerLives View Post
Los Angeles is poised to get a large chunk of its on-location shoots back now that California has tripled its film tax credits.

'Veep' and 'American Horror Story' among shows relocating to California - LA Times

The less dependant the city is on one industry, the better. Think Detroit. For all its issues, Los Angeles has a very diverse economy, with no one dominant industry. That's a good thing.
That's great to hear. I can honestly say LA is my favorite US city, there is just so many things to do there and I love the layout of the city and the mountains. LA Is changing for the better. It's ironic you mentioned Detroit. LA is the third largest manufacturer of cars in North America.
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Old 06-10-2015, 11:41 PM
 
Location: LBC
4,155 posts, read 4,295,786 times
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Quote:
Originally Posted by Calisonn View Post
Without a doubt, LA is an afterthought in CA nowadays, I sometimes feel ashamed telling people that I grew up in that cesspool.
Don't let it get to you. I'm sure you bring shame upon yourself daily.
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Old 06-11-2015, 12:17 AM
 
Location: Zurich, Switzerland/ Piedmont, CA
31,575 posts, read 53,103,852 times
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Quote:
Originally Posted by theterribleone View Post
LA is the third largest manufacturer of cars in North America.
I certainly wish this was the case, but sadly this is not accurate.

At present time, the Tesla factory in Fremont is the only auto manufacturing plant in California.
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Old 06-11-2015, 12:19 AM
 
Location: Zurich, Switzerland/ Piedmont, CA
31,575 posts, read 53,103,852 times
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Quote:
Originally Posted by RaymondChandlerLives View Post
It's at 6.4%, IE is at 6.2%:

Unemployment Rates for Metropolitan Areas
Yes. Gone are the days of jobless rate snobbery from TX and Metro DC, everyone is low now, even LAs 6.4% is considered healthy.
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Old 06-11-2015, 01:38 AM
 
Location: Seattle aka tier 3 city :)
1,078 posts, read 894,310 times
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Quote:
Originally Posted by nslander View Post
Don't let it get to you. I'm sure you bring shame upon yourself daily.
I just lie and say I'm from the bay area tbh
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Old 06-11-2015, 08:27 AM
 
Location: Toronto, Canada
2,482 posts, read 1,251,089 times
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Quote:
Originally Posted by 18Montclair View Post
I certainly wish this was the case, but sadly this is not accurate.

At present time, the Tesla factory in Fremont is the only auto manufacturing plant in California.
Really? Wow, LA used to be underrated for that. The time is gone from when I was little.
Quote:
Originally Posted by 18Montclair View Post
Yes. Gone are the days of jobless rate snobbery from TX and Metro DC, everyone is low now, even LAs 6.4% is considered healthy.
Great to hear. Let's hope LA trends lower.
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Old 06-11-2015, 08:44 AM
 
11,015 posts, read 21,568,106 times
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Quote:
Originally Posted by animatedmartian View Post
With that in mind, Houston and Chicago seem to be a lot lower than where they should be. Houston for obvious reasons, but Chicago is almost growing as much as Detroit. Even with Detroit doing well, that still seems pretty odd for Chicago.
Well I would look at population growth as well. At the moment the Chicago and Detroit areas are at an almost standstill on population change, which would be a good thing combined with the 60,000 job growth. They need to get a nice chunk of jobs with no overall growth in the number of people looking for those jobs to eat away at a backlog of unemployment.

The state numbers are smoothed, but not the city. Just looking at state numbers, the low population growth and decent job growth are having a big impact.

Unemployment:
Illinois:
2013: 9.1%
2014: 7.7%
2015: 6.0%

Michigan:
2013: 8.7%
2014: 7.5%
2015: 5.4%

Chicago is also being held back because the economy is a bit frozen up because of the lack of leadership on handling the underfunded pensions all over the state. That needs to be figured out before businesses are really going to start relaxing and investing more.
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Old 06-11-2015, 12:26 PM
 
Location: Pasadena, CA
10,087 posts, read 12,563,975 times
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Quote:
Originally Posted by theterribleone View Post
Plus the NFL is trying to get not one but two teams into Los Angeles. I wish Measure J had passed. The Purple Line would be going to the pacific rather then stopping in Westwood.
Yes, that would have been great. It should be noted that LA County hardly rejected Measure J, as it got something like 66% of the vote -2/3 of the vote is needed to pass a new tax in CA with few exceptions.
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