If you thought DC was a totalitarian swamp land, wait till you find out about Sacramento!
California, the golden state, the former land of opportunity, is hiring. But only the state itself appears to be hiring. No one's doing business there.
UNREAL.
Here's more to put that in perspective from the Hoover Institute:
Between January 2022 and June 2024, employment in US private businesses increased by about 7.32 million jobs. Of these 7.32 million jobs, about 5,400 were jobs created in California businesses — representing about .07 percent of the US figure.
California's total population is about 11-12% of the United States. But they accounted for 0.7% of business growth.
5,400 jobs with a population of 39 million. 🤯
Businesses like Elon Musk's companies are fleeing California due to insane taxes, political lawfare, and over-the-top regulation.
California's job creation record has been even more dismal over the last 18 months. Since January 2023, private-sector employment in the state declined by over 46,000 workers. California's private-sector job collapse is unprecedented, and with the state representing nearly 12 percent of the country's population, it is a drag on the nation's economy.
Part of California's job weakness reflects the number of people and businesses leaving the state. California's population declined by about 75,000 between 2022 and 2023 (the latest data available), and a number of business headquarters have departed.
You may as well be on welfare in California. New workers are just living off tax dollars anyways.
Who can blame all the people fleeing this failed state?
Economic factors are the primary reasons behind these departures. Households are moving because of the cost of living and deficient public services. The median single-family home price is over $900,000, and the median price of a condominium or townhouse is nearly $700,000. Electricity prices are the fifth highest in the country. Gasoline prices are the second highest in the country, reflecting in part the nation's highest gasoline taxes. With the country's highest gas taxes, California roads should be among the best, but they are among the worst. California public schools are grossly underperforming, with only 25 - 30 percent of students proficient in math, language arts, or science.
Democrats have taken the most beautiful, resource-filled, and richest state and turned it into a poorly run welfare state.
Blue state's gonna blue state!
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