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Raytheon is still here. So is Boeing, Lockheed and Northrop (not to mention newbies like SpaceX).
You're trying to make it appear that the aerospace industry is pretty much gone and that's VERY far from the truth. There were a lot of mergers but the 90s are over sir.
Agree
The only local recession other than 2009 we felt here was the late 80's to early 90's. Our economy was heavy in defense manufacturing. We took the "Peace Dividend" right in the butt here. We had a pretty well educated workforce and Qualcomm and other tech filled the void. Also the base realignment increased our Navy and Marine contribution to the local economy.
Our biggest problem now is not immigrants, it's the cost of housing.
Our biggest problem now is not immigrants, it's the cost of housing.
The cost of housing is not a problem. It's the equilibrium of supply and demand. If it's too expensive, one can move to the other 98% of the country that is less $/sqft and that has jobs and that have amenities.
The cost of housing is not a problem. It's the equilibrium of supply and demand. If it's too expensive, one can move to the other 98% of the country that is less $/sqft and that has jobs and that have amenities.
When I was younger, CA was the place to be. The success of the state has perhaps never been more vibrant than it was in the 1980's. Hollywood made movies (and stayed away from politics), it seems all sports teams from the state were great! The economy was booming with a surplus and the middle class was the envy of the nation. About the only negative you heard from CA was the LA traffic and smog.
Now, even with a 3 billion dollar economy, it is but a shadow of what it once was. The beautiful Golden State is deteriorating to what some would call a third world state. Is it it's socialist tendencies of the past 30 years? Is it the wrong kind of immigration? Did it just become too big, too quick and is my home state of Texas in danger of suffering the same fate one day? Thoughts?
3 trillion economy and it's a shadow of itself?
I believe in balance and pragmatism over ideology. As a Texan, I wish Texas had the higher education system that would turn it into a global innovation center. I think Texas has the potential to surpass California, but it needs to strike a better balance between investing in its citizens and "business friendly". I also think the term "socialist" is wildly overused.
When I was younger, CA was the place to be. The success of the state has perhaps never been more vibrant than it was in the 1980's. Hollywood made movies (and stayed away from politics), it seems all sports teams from the state were great! The economy was booming with a surplus and the middle class was the envy of the nation. About the only negative you heard from CA was the LA traffic and smog.
Now, even with a 3 billion dollar economy, it is but a shadow of what it once was. The beautiful Golden State is deteriorating to what some would call a third world state. Is it it's socialist tendencies of the past 30 years? Is it the wrong kind of immigration? Did it just become too big, too quick and is my home state of Texas in danger of suffering the same fate one day? Thoughts?
80s was decade for everywhere in America in almost every category except big epic movies. 80s had good movies, but the technical abilities of the 2000s onward is better.
True. As aerospace moved out of California in the 1970s, the integrated circuit, software and computing industries took off. Teradyne in Agoura Hills is an example. It started out as a little industrial building in Chatsworth, then moved to a bigger facility in Woodland Hills and now a huge campus in Agoura Hills.
Same with medical devices. Irvine and Aliso Viejo continue to boom with medical devices and the bay area has all those software and internet companies probably rooted from Hewlett Packard.
The networking equipment industry was starting to take off during the recession. A lot of the major equipment manufacturers, such as Cisco, Bay, Newbridge, etc., went public during the recession. Most are gone now.
I remember a lot of the contractors from Orange County were coming up north to find what work they could get. Work in the aerospace industry paid extremely well, even compared to today's salaries.
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