It made me wonder how the dynamics of the massive home price increases in SoCal (which are still much too high), are affecting the availability of educated 25-40 year olds in the workforce.
High housing prices don’t seem to prevent Boston, New York and San Francisco from having a wealth of younger, educated workers.
The forces you mention (outsourcing, home prices, etc.) should be in play in the long-running urban centers, no?
According to reports I’ve read in the past, southern California gained younger residents while losing middle aged and older residents during the last downturn. Admittedly, this dynamic was the result of the collapse of one dominant industry.
Powayseller has mentioned an exodus of residents from San Diego. Wouldn’t it be safe to assume that a significant fraction of these are long-time residents with large equity stakes cashing in their chips? This group must be skewed older than the general population.
I’m sure there’s a lot more at play here than meets the eye. Thoughts?
