2013 June 08 Saturday
California Falls In Per Capita Income Rankings
California was in the 8th position in 2007 but is now in the 15th position. Connecticut is in 1st place.
How far the mighty have fallen. Back 1978 Connecticut was in 1st place and California was in 2nd place.
This is an inevitable outcome of immigration.
California's drop in median per capita income has probably been steeper. The average has been held up by Silicon Valley.
By Randall Parker at 2013 June 08 11:59 AM
California has -
* high taxes
* excessive regulation
* lots of immigrants, mostly poor
* 13% of the US population but 33% of the welfare recipients
* a bloated state government that is hostile to business but very friendly to various leftist Democratic groups (public employee unions, greens, etc.)
In short, a perfect storm for declining income and job losses. Native-born US citizens have been leaving the state for decades - population growth is due almost exclusively to immigration. But there's always high-speed rail! California is a real leader with that - the state is already on the fast track to the economic bottom of the barrel.
It is worth noting that the Northeast has high taxes and excessive regulation. But very different demographics.
High speed rail: yes, how retarded. The state can not afford it and does not have the population density to justify it. I predict autonomous buses, cars, and airplanes will make trains even less viable.