More data on California being outpaced by the country

Posted by Gino DiCaro, Vice President, Communications on Nov. 1, 2012

Discussions are increasingly centered around California's job growth and business climate. We decided to look at employment versus population growth to see how the state fared against the country. We also compared median incomes to see if we were keeping pace with the country on that front as well.

Over the last decade we have failed on both counts. The country's total jobs growth has outpaced California's by three times as much, while the national population has grown by only 20 percent more than California.

On the median income side, California has lost more than $8,300 in household income in the last six years while the U.S. lost only $3,714.  

     





2 comments | Post your comment

Comments: 2

Richard Knee

Nov. 1, 2012 3:50 pm

What step(s) would CMTA recommend to reverse the trends, and who should take those steps?

Gino DiCaro

Nov. 2, 2012 9:39 am

Hi Richard, Electeds and policymakers should start with admitting that we have a problem in California. We need high-wage, middle class job growth fast ... and we are losing critical investment to the rest of the country ... admitting that problem is a good start. There are many issues contributing to our dwindling high-wage investment -- some we can control, some we can't. We are one of three states that fully tax manufacturing equipment sales, we are the only state that's about to heap billions in carbon auction costs on manufacturers, we are also the only state about to implement a costly "green chemistry" program on industry. There is no one silver bullet and this will take a long time. We just need a commitment to our recovery .... in our policies as well as our words.

Post a comment:

E-mail address: required, but will be kept private


Name or nickname: will display on page


Post your comment here:


This helps us eliminate spam.



Copyright © 2014, California Manufacturers & Technology Association. All rights reserved.