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Policy traps that imperil California's job market | Editorial


The U.S. economy is poised to stage a strong comeback in post pandemic 2021. The Congressional Budget Office predicts Gross Domestic Product growth of 3.7%. Other indicators such as manufacturing, construction and trades are trending upward. The CBO says the U.S. economy may reach a pre-pandemic peak by mid-2021. Thankfully, the U.S. economy looks on track.
California, however, appears to be on a more perilous course.
The Golden State has a large role in the U.S. economy, but their economic outcomes don’t always walk in lock step. On the positive side, the state’s GDP, $3.2 trillion, represents 14.6% of the total U.S. economy – more than any other state. In addition, California’s GDP has shown a pattern of growth for more than a decade. ....

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