More people are leaving California than coming, and it is the poorest and least-educated residents who are leading the exodus, according to a new report from Beacon Economics and the independent nonpartisan organization Next 10.
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Despite having the third highest rate of low-wage job creation in the nation, California could face a shortage of low-wage workers as housing costs push residents out in search of affordability.
Despite having the third highest rate of low-wage job creation in the nation, California could face a shortage of low-wage workers as housing costs push residents out in search of affordability.
Despite having the third highest rate of low-wage job creation in the nation, California could face a shortage of low-wage workers as housing costs push residents out in search of affordability.
SAN FRANCISCO - Despite offering higher wages and some of the highest rates of job growth in the nation, California could face a shortage of middle-wage workers as housing costs push residents out in search of affordability.
Builders have said for years that Sacramento and California as a whole weren’t building enough new housing to meet demand.
California boasts some of the highest wages and fastest rates of job growth in the nation but high housing costs are pushing many people out of the state, according to a trio of reports released Wednesday.
California's boom in high-wage jobs, such as those in the tech sector, has shoved housing prices skyward and threatens to squeeze low- and middle-income wage earners out of the Golden State, a report released Wednesday warned.
California is adding jobs and wages are going up, but a new economic review warns a housing shortage could crimp the state's economic growth.