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Old 12-05-2017, 10:48 AM
 
1,156 posts, read 987,210 times
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Quote:
Originally Posted by majoun View Post
The Bay Area supports the rest of the state. If you removed the Bay Area from California it would be a poor state.

If tech leaves things would get really nasty.
Such an ignorant statement. Construction, manufacturing, retail, entertainment contribute nothing to Ca? Got ya.
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Old 12-05-2017, 11:18 AM
DKM
 
Location: California
6,767 posts, read 3,858,538 times
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Quote:
Originally Posted by TR95 View Post
Such an ignorant statement. Construction, manufacturing, retail, entertainment contribute nothing to Ca? Got ya.
Don't forget defense, aerospace, tourism and agriculture.
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Old 12-05-2017, 11:21 AM
 
Location: Earth
17,440 posts, read 28,602,920 times
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Quote:
Originally Posted by TR95 View Post
Such an ignorant statement. Construction, manufacturing, retail, entertainment contribute nothing to Ca? Got ya.
I wish that CA had a more balanced and evenly spread out economy geographically, as used to be the case. Especially being in SoCal as I am right now.

The entertainment industry's fleeing CA rapidly, and manufacturing is rapidly diminishing.

Except for entertainment, the fields you mention are stronger in NorCal than SoCal. CA's geographic economic pattern is like Italy, except with worse food and worse looking people.
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Old 12-05-2017, 01:04 PM
 
1,156 posts, read 987,210 times
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Quote:
Originally Posted by majoun View Post
I wish that CA had a more balanced and evenly spread out economy geographically, as used to be the case. Especially being in SoCal as I am right now.

The entertainment industry's fleeing CA rapidly, and manufacturing is rapidly diminishing.

Except for entertainment, the fields you mention are stronger in NorCal than SoCal. CA's geographic economic pattern is like Italy, except with worse food and worse looking people.
The LA/Long Beach area is second in the US in GDP and accounts for almost 40% of the state GDP. The Bay Area in aggregate doesn't even equal that. So no, you are still incorrect. Will it change, who knows. I think the entertainment industry will be just fine in SoCal.
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Old 12-05-2017, 01:05 PM
 
1,156 posts, read 987,210 times
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Quote:
Originally Posted by DKM View Post
Don't forget defense, aerospace, tourism and agriculture.
Agree, although agriculture is really diminishing and such a small percentage.
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Old 12-05-2017, 02:58 PM
 
Location: Unplugged from the matrix
4,754 posts, read 2,976,993 times
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Quote:
Originally Posted by majoun View Post
NV is also gaining tech companies, in both Reno and Vegas. NV has the advantage of being close to CA as well as less expensive and more business friendly.

NV is much better served by the new tax bill than CA is. Said bill is an act of economic warfare against CA although good for the country as a whole.
For tech outside of the West, watch out for Texas (DFW, Austin, and even Houston now) and Atlanta. You'll continue to see more relocation there as those areas are able to offer more to residents than 10+ years ago.

Quote:
Originally Posted by TR95 View Post
The LA/Long Beach area is second in the US in GDP and accounts for almost 40% of the state GDP. The Bay Area in aggregate doesn't even equal that. So no, you are still incorrect. Will it change, who knows. I think the entertainment industry will be just fine in SoCal.
But the Bay Area punches well above it's weight for GDP. The sheer size (both geographical and population) is the reason for LA being so high. LA has lost a ton of jobs in the aerospace, defense, and manufacturing industries. These were the backbone for the area for decades. The Inland Empire for example does not punch up to its weight and brings the whole region down too.
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Old 12-05-2017, 03:10 PM
 
Location: SF Bay Area
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Quote:
Originally Posted by TR95 View Post
The LA/Long Beach area is second in the US in GDP and accounts for almost 40% of the state GDP. The Bay Area in aggregate doesn't even equal that. So no, you are still incorrect. Will it change, who knows. I think the entertainment industry will be just fine in SoCal.
It's 2nd in population as well so that's kind of expected but its GDP per capita is far below the Bay Area. LA's economy is rather underwhelming, it's just big and that's about it.

GDP Per Capita
SF Bay Area: 94K
LA metro: 64K

//www.city-data.com/forum/49577548-post6.html
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Old 12-05-2017, 03:21 PM
 
Location: Unplugged from the matrix
4,754 posts, read 2,976,993 times
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Quote:
Originally Posted by sav858 View Post
It's 2nd in population as well so that's kind of expected but its GDP per capita is far below the Bay Area. LA's economy is rather underwhelming, it's just big and that's about it.

GDP Per Capita
SF Bay Area: 94K
LA metro: 64K

//www.city-data.com/forum/49577548-post6.html
Yeah LA's economy is heavily service-industry based. The essentials in life (grocery stores, doctor's office, banks, etc.) is what employs a lot of people here...more than other places I'm assuming based on the per capita numbers. Thankfully Bay Area tech companies setup secondary offices here. LA needs a robust industry with so much lost fairly recently (Nissan, Toyota, Nestle, etc.). There's way too many good paying jobs that have left this place.
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Old 12-05-2017, 03:55 PM
 
1,156 posts, read 987,210 times
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Quote:
Originally Posted by DabOnEm View Post
For tech outside of the West, watch out for Texas (DFW, Austin, and even Houston now) and Atlanta. You'll continue to see more relocation there as those areas are able to offer more to residents than 10+ years ago.



But the Bay Area punches well above it's weight for GDP. The sheer size (both geographical and population) is the reason for LA being so high. LA has lost a ton of jobs in the aerospace, defense, and manufacturing industries. These were the backbone for the area for decades. The Inland Empire for example does not punch up to its weight and brings the whole region down too.
THe person that I replied to was not talking about per capita GDP, and I'm not arguing that fact. He said CA would be poor without the Bay Area, which is such a fallacy and ignorance beyond belief. Shoot Riverside/San Bernardino is 60% of San Jose/Santa Clara. Just don't think the end all be all is the Bay Area and tech industries.

Would there be an impact to the Bay Area if tech was wiped out, sure, but CA overall would be fine and far from "poor" as he indicated.
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Old 12-05-2017, 03:58 PM
 
Location: Earth
17,440 posts, read 28,602,920 times
Reputation: 7477
GDP per capita is a good indicator of overall wealth and economic health.

40-plus years ago California was more economically balanced than today.
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