Jobs: Middle class flees CA because …

Jobs:  Middle class flees CA because …. housing costs  are excessively high.  That’s a big reason.

“Not only are Californians leaving the state in large numbers, but the people heading for the exits are disproportionately middle class working families — the demographic backbone of American society,” the American Interest recently noted.

The Golden State has been haunted in recent times by sharply mixed economic indicators. “While California has added 2.1 million jobs since 2010, employment in six industries is still below 2007 levels, before the Great Recession, according to the center’s analysis. Those sectors — including construction, finance and manufacturing — generally pay more than the service-type jobs that we’re adding in droves,” the Sacramento Bee noted late last year.

Economic growth concentrated in Silicon Valley has also not done much to relieve the income or jobs picture for middle-classers.

“In a recent survey of states where ‘the middle class is dying,’ based on earning trajectories for middle-income cohorts, Business Insider ranked California first, with shrinking middle-class earnings and the third-highest proportion of wealth concentrated in the top 20 percent of residents,” Kotkin observed.

Some good news:  CA has lots of great public schools per this survey.  Graduating from a good school helps prepare young  people for jobs.    http://www.usnews.com/education/best-high-schools/california

Another reason middle class flees CA:  people are either very rich or very poor.  The culture is changing dramatically.