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We were told by a certain crowd, that California was going to pot because of all the liberals. And the regulations. And the homeless. And because it's so expensive.
Turns out, what we were told by them, was wrong.
Not even in the go-go years of Reagan or Clinton, did unemployment in the Golden State get this low.
You can find the actual data from the BLS website here. Chart of the unemployment rate from that website:
Similar numbers from the state of California reflect that boom. Article on the topic:
For all the chatter about shortages of real estate in Southern California, it’s worth noting the local construction industry is hiring more workers than 47 other states.
In the four counties covered by the Southern California News Group, 27,900 construction workers were added in the 12 months ended in February, or so says my trusty spreadsheet’s analysis of federal employment data tallied by the Associated General Contractors of America.
How big is that? Well, imagine if the region comprised of Los Angeles, Orange, Riverside and San Bernardino counties were a state. This local construction hiring spree would have been topped in job creation by only California, Texas and Florida.
I'm sure someone here will come along and claim, somehow, that a massive R&D and office building boom is a sign of economic failure. And that all this R&D and office construction is a sign that companies are fleeing California and that it's a horrible place to do business.
A huge wave of commercial property construction is underway in the Bay Area, and Silicon Valley’s economic boom is fueling the growth, according to a report released Wednesday.
[...]
Mountain View-based Google, Cupertino-based Apple, Menlo Park-based Facebook, San Jose-based Adobe Systems and Seattle-based Amazon are among the companies that — through a combination of leases, property purchases and land assemblies — have completed huge building deals or are actively taking steps to do so.
“It’s insane how busy this market is,” said Christan Basconcillo, research manager with JLL. “Each of these development projects are not just single buildings, they are multiple buildings, totaling 200,000, 300,000 square feet each, that make up an entire large campus.”
Still. the average worker in California can't afford cost of living. Their only hope is to live with a bunch of roommates or move to cheaper states like Texas, Arizona, or Nevada.
Nonsense. We have family who work in California. They live in their own homes and they love living there. No plans to move to Texas, Arizona, or Nevada.
"Silicon Valley is on a corporate-campus construction spree, which - despite the splashy headlines - has had adverse effects on the population of the San Francisco Bay Area. "
'The U.S. homeless population is growing for the first time since the end of the Great Recession in 2010. A one-night government census earlier this year counted nearly 554,000 homeless people, up nearly one percent from 2016. In Silicon Valley, the high cost of housing is fueling a local homelessness crisis.'
And rents and housing are unaffordable - it's no wonder everyone is working long and hard hours in that state.
Because CA is nice and a lot of people wants to live here. So of course it's expensive.
I don't understand this sort of idiotic argument, what do you want CA to do? Start turning ourselves into a red state so few people wants to live here so housing will be cheap and affordable?
'The U.S. homeless population is growing for the first time since the end of the Great Recession in 2010. A one-night government census earlier this year counted nearly 554,000 homeless people...
You realize those numbers are for the entire US, not just California.
"Silicon Valley is on a corporate-campus construction spree, which - despite the splashy headlines - has had adverse effects on the population of the San Francisco Bay Area. "
'The U.S. homeless population is growing for the first time since the end of the Great Recession in 2010. A one-night government census earlier this year counted nearly 554,000 homeless people, up nearly one percent from 2016. In Silicon Valley, the high cost of housing is fueling a local homelessness crisis.'
CA has a homeless problem.
Red states have a meth, opioid, jobs, health, and life problem.
We were told by a certain crowd, that California was going to pot because of all the liberals. And the regulations. And the homeless. And because it's so expensive.
Turns out, what we were told by them, was wrong.
Not even in the go-go years of Reagan or Clinton, did unemployment in the Golden State get this low.
You can find the actual data from the BLS website here. Chart of the unemployment rate from that website:
Similar numbers from the state of California reflect that boom. Article on the topic:
I'm glad that now that we've had 8 years of a Republican Congress and currently Republican President, House and Senate that this has led to the lowest unemployment ever for the state. However, Cali is still in the upper half of all states in its unemployment rate and has more unemployed people than any other state.
Congrats to the Republicans running the country.
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