Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Over the entire year from 2015-16, California had the 7th-largest GDP growth of any state. Note that these are whole year numbers, not just 1 quarter as in the other thread.
Here's a list of the top 5 (9 including ties) growing states. Again, this is from the 2nd half of the article which describes a full year:
Washington – 3.7%
Oregon – 3.3%
Florida, Georgia, New Hampshire, Utah – 3.0%
California – 2.9%
D.C., Nevada – 2.4%
And here is the bottom 5:
North Dakota – -6.5%
Alaska – -5.0%
Wyoming – -3.6%
Oklahoma – -2.3%
West Virginia – 0.9%
The energy sector took it on the chin, which is a big reason why those states were down. GDP growth doesn't necessarily help main street. You need to look at job and wage growth as well.
This is a complete misreading of the data. Analysts have already published their findings - those in poverty is not static in a state like CA. They move up the economic ladder and their vacant spots are filled by newcomers. Hence in CA, which has one of the nation's highest upward mobility index, the poor doesn't stay poor (in general).
it is also very much worth noting how CA spreads its wealth to the rest of the nation.
Here in WA we get folk from CA who have built wealth just "cash out" to our state and enjoy the high quality schools with the lower cost of housing... and the good wages (not as high as CA tech wages)
it is a sweet deal for them and brings money to our state. az fl all benefit greatly...
but on a larger scale much of the west and east coasts retire to lower cost states and their wealth follows,
Yup, I know someone who just did this last year. Sold their house for over 3x what they paid. Bought a house in a red state and still has a big chunk in the bank. That money is now benefitting the red state.
Last edited by latimeria; 01-02-2018 at 03:13 PM..
The energy sector took it on the chin, which is a big reason why those states were down. GDP growth doesn't necessarily help main street. You need to look at job and wage growth as well.
A (sort-of) close surrogate for job and wage growth is going to be personal income. Here are the full year percentage growth figures for 2016.
Looks pretty much the same as the 2016 year GDP growth map.
Table 1 lists growth in per capita personal income. California is ranked #7.
Now, personal income isn't a perfect proxy for wages, since it includes other things besides wages. A better one is probably median income growth. This is data for 2015 but all I can find for now.
What is interesting about California is that the 4 fastest growing mega-companies are headquartered in California....Facebook, Apple, Netflix, and Google.
These companies account for most of the growth in stock indexes...while California's poverty rate rises.
DING DING DING
And our debt, unfunded liabilities, welfare burden... big deal we have a great GDP here OP! The cost of living and taxation is through the roof here!! We have massive problems that outweigh GDP numbers which only benefit the top 10%. Now, we have become a "sanctuary state" which means there's no sanctuary for native Californians.
Only the very wealthy and very poor are flooding this state, while the middle class is fleeing.
Table 1 lists growth in per capita personal income. California is ranked #7.
Now, personal income isn't a perfect proxy for wages, since it includes other things besides wages. A better one is probably median income growth. This is data for 2015 but all I can find for now.
In California it grew by 4.05%, which is higher than the national average of 3.84%.
What is the actual goal of all this for you?
I hope every liberal in the country moves here!!! Yes it's awesome here, no problems, it a progressive's Valhalla!!! Please move here, every last one of you.
I hope to be in TX next year.
Maybe someone from KC should move here to actually "know anything" about the state.
Table 1 lists growth in per capita personal income. California is ranked #7.
Now, personal income isn't a perfect proxy for wages, since it includes other things besides wages. A better one is probably median income growth. This is data for 2015 but all I can find for now.
In California it grew by 4.05%, which is higher than the national average of 3.84%.
Per capita personal income can be very misleading. All the income could have went to the top. It would be better to look at the growth of median household income by state.
Last edited by 1grin_g0; 01-02-2018 at 03:38 PM..
Reason: I saw the list at the bottom. California is in the middle of the pack. Blue and red states performed about the same.
Over the entire year from 2015-16, California had the 7th-largest GDP growth of any state. Note that these are whole year numbers, not just 1 quarter as in the other thread.
The map of interest is the 2nd one (first one is just for 1 quarter). The original source is the same one as in the other thread.
^
Supposedly booming ND actually saw its GDP decline by 6.5% in 2015-16. And most of the top 5 (9 including ties) were blue states.
Good, then you don’t need federal money to pay for the illegals, deadbeats and homeless.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
