[quote=EconProf]Since the recession of 2008 CA job numbers are up 7.5% compared to a 14.8% jump for Texas (St. Louis Federal Reserve).
As for GDP, CA up 11.3%, Texas up 38.2%
I’m guessing the low tax, business friendly states of AZ and NV are also welcoming refugees from CA.
Lots of other useful data from a Scripps Ranch economist, Richard Rider, at riderrantsblogspot.com.[/quote]
Two sides to every story. You’ve highlighted one side only.
In recent years, California has experienced negative domestic migration, meaning more people are moving from California to other states than the number of residents moving to California from other parts of the country. Statistics on the characteristics of California’s inbound and outbound migrants suggest patterns in migration over the past decade are more related to housing costs than tax structure. Despite seeing an overall negative net domestic migration, California is continuing to attract new residents. Despite the rhetoric regarding California’s oppressive tax regime or its overall hostility to business, individuals coming to California are primarily concentrated in high-wage occupations, which enable them to better absorb the state’s high housing costs and cost of living.
The report’s main findings include:
– California experienced a negative net domestic migration of 625,000 from 2007 to 2014. In other words, 625,000 more people moved out of California to other states than moved in to California from other states.
– The vast majority of the out-migrants went to just five states: Texas, Oregon, Nevada, Arizona, and Washington.
– California was a net importer of residents from 15 states and the District of Columbia from 2007 to 2014.
– Californians 25 years of age and over that do not possess four-year college degrees accounted for over 469,800 out-migrants.
– California was actually a net importer of nearly 52,700 residents with a bachelor’s degree or higher.
– California remains the top state attracting international migrants, many of which are low-income earners and those that have obtained a bachelor’s degree.
