05/10/2024
Make no mistake; Calif is the 5th largest Econ today because of its membership in the USA federation, which is First with Ca in it and not because of anything on its own.
It’s deep ocean ports, pacific rim position, great weather all contribute.
Most recently, political meddling through over taxation, over regulation, one party system, one sided views on labor and industry have put a limit on future growth in this state.
Losing population and under utilization of natural resources (over dependence of electric/solar) is taking a toll on the Calif economy.
With all that said; 6th behind India but still 1st with the USA isn’t all that bad.
https://centerforjobs.org/ca/special-reports/special-report-california-risks-slipping-to-6th-largest-economy #:~:text=California%20Still%20the%205th%20Largest%20Economy%20by%20Current%20GDP,-At%20a%20preliminary&text=At%20its%20current%20rate%20of,the%20October%202023%20IMF%20results.
The Center for Jobs and the Economy has issued a special report on California’s Q4 2023 GDP growth, which although rising, continues to lag behind the national average, signifying ongoing economic challenges for the state. Despite maintaining its position as the 5th largest economy, California fac...
