Since 2000, California's job growth rate has lagged behind the national average by almost 20 percent. Rapid population growth, once synonymous with the state, has slowed dramatically. Most troubling of all, domestic out-migration, about even in 2001, swelled to over 260,000 in 2007 and now surpasses international immigration, says Joel Kotkin, presidential fellow at Chapman University.
All of this suggests a historical slide of California's role as a bastion of upward mobility:
- In 1946, Californians enjoyed the nation's highest living standards and the third highest per-capita income, and as recently as the 1980s, Californians generally got richer faster than other Americans did.
- However, in 2008, median household income growth trailed the national average while the already large divide between the social classes grew faster than in the rest of the country.
- Today, California has the 15th highest poverty rate in the nation; only New York and the District of Columbia fare worse if the cost of living is factored in.
[policies matter - we're being mismanaged, yet we keep sending the same folks back]
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