Today, the state re-opened in a big way and stripped down its mask mandate. With the American economy taking a big hit and families running to Texas and Georgia to live more affordably, let's see how Cali is doing...

bloomberg.com/opinion/articles/2021-06-14/california-defies-doom-with-no-1-u-s-economy

It does explain the $75 billion budget surplus that we're running:

politico.com/states/california/story/2021/05/10/california-has-a-staggering-757b-budget-surplus-1381195

I thought this might be a good thread to discuss what some of these metrics really mean, how this supposed wealth and innovation trickles down to lower income families, what we value in terms of livability, etc.

The wealth gap just seems to have increased in the past year. My wife and I pull in nearly 150k a year and having a kid in daycare stretches our budget to the limit. It's ridiculous.

Normal people cant afford and are moving to Arizona, Oregon, Washington, Texas, New Mexico & Nevada.

Source, I was one of those peope & know plenty others.

Nowadays: I dont know I moved because it was unaffordable.

So the state is richer because poor people went away basically?

But did they come out this pandemic with more water though? Or a way to stop those wild fires?

wasnt California always the #1 economy in America? It's a massive ass state that has always carried alot of America's poorer states.

crine at people in that other thread calling california the worst state in the country

we cant control how much it rains

i wish it reflected in our homeless population and public services

PG&E should be nationalized

we’re in drought rn

NY #2, TX #3 according to the article

Yes

NYC still number 1 city

Dont quote me if you're from California you guys let Pop Smoke get killed

All those taxes/revenue and the worst homeless problem in the country

This is why I’ll never be a proponent of raising taxes until we bring in some competent folks to do the books

i believe it used to be NY

Based purely on GDP, yeah. But one of the metrics determining that was rate of growth. It was like 22% for California from 2015-2019 in comparison to the country as a whole at 18%. And the state is outpacing a number of relevant allies.

The hook of this article is the role of renewable energy in job growth and that's become a standout feature of the California economy.

newsom just introduced a $4b bill to fight it so we'll see what it does

CA’s GDP is nearly double NY

Can't be right... NY we got work 2 do

it really doesn’t even cost that much looking at the big picture

How is NY over Texas, we need a recount

How with all those homeless people?

Was thinking cities. Sometimes you forget NYC carries the entire state on it's back. Cali has multiple places putting in work

ny got one city vs CA w two urban economic centers and an agricultural powerbase

Oakland handles half of ALL trade on north america’s west coast

WOW