Study: Higher Minimum Wage and Other Progressive Policies Have Not Hurt Economic Growth in California (Berkeley: real estate market, houses)

[18Montclair]

Brilliant. California has outperformed the rest of the nation after implementing Jerry Brown's policies.

...A new UC Berkeley study has found that a bundle of progressive policies enacted in California since 2011 — once characterized as “job-killers” by the state’s Chamber of Commerce — had no negative impact on the state’s employment or economic growth.

The study examined the impacts of “the California Policy Model," the nickname for 51 progressive policies put into place between 2011 and 2016 after Gov. Jerry Brown took office while Democrats controlled both houses of the state legislature. The study looked at the effects of a higher minimum wage, extended paid sick leave, raised taxes on corporations, increased access to affordable health care, and more environmental protections.

When Perry compared California to states whose governments were under complete Republican control between 2011 and 2016, he found that California’s employment rate and economy saw stronger growth...

https://m.eastbayexpress.com/SevenDa...-in-california

[GSR13]

Just wait until the Silicon Valley and Housing bubbles crash, you might see truer numbers.

[slo1318]

Give it some time, we are in a boom economy. Actually a 10 year cycle from the implementation would be better to look at, this is almost useless..

[expatCA]

Originally Posted by slo1318

Give it some time, we are in a boom economy. Actually a 10 year cycle from the implementation would be better to look at, this is almost useless..

And of course Berkeley is such a non political source.

CA having the largest population and the large GDP should do better than most other States. However the overall economy is doing well so CA should also be doing well.

[18Montclair]

LOL@the disappointment that CA is doing well in the responses.

[Mr5150]

Originally Posted by GSR13

Just wait until the Silicon Valley and Housing bubbles crash, you might see truer numbers.

Let’s consider a bit of history. The tech bubble (Silicon valley) crashed in 2000. And here we are, the sixth largest economy in the world. The housing bubble crashed in 2007 and here we are, the sixth largest economy in the world.

[Mr5150]

Originally Posted by expatCA

And of course Berkeley is such a non political source.

CA having the largest population and the large GDP should do better than most other States. However the overall economy is doing well so CA should also be doing well.

CA’s economy is what it is despite Berkeley’s politics.

[Mr5150]

Originally Posted by 18Montclair

LOL@the disappointment that CA is doing well in the responses.

Does make one chuckle.

[Elliott_CA]

Originally Posted by expatCA

CA having the largest population and the large GDP should do better than most other States. However the overall economy is doing well so CA should also be doing well.

You have it backwards. The overall economy is doing well because California helped lead the recovery. California is not just the #1 GDP state in the nation, it is the #1 state in manufacturing. Population is not the main driver of GDP -- it's the fact we have so much economic diversity. We are excellent producers in high tech, bio-engineering, agriculture, wine, software, finance, energy, entertainment, retail, you name it.

And, while the political spin machine says otherwise, California is booming because of NAFTA. It's really taking off. Lots of cross-border trade in both directions with Mexico and Canada.

[GSR13]

Originally Posted by expatCA

And of course Berkeley is such a non political source.

CA having the largest population and the large GDP should do better than most other States. However the overall economy is doing well so CA should also be doing well.

Foreigners infusing cash into the real estate market and driving up housing prices past the point of affordability is not a sign of long-term economic health.