California

California working, UC Berkeley report says

Between 2011 and 2016, California enacted a set of 51 policy measures addressing workers’ rights, environmental issues, safety net programs, taxation, and infrastructure and housing. Critics predicted that these policies—collectively called “the California Policy Model” (CPM) in this paper—would reduce employment and slow economic growth, while supporters argued that they would raise wages for low-wage workers, increase access to health insurance, lower wage inequality, and…

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After tax cuts derailed the ‘California dream,’ is the state getting back on track?

In 1978, the year I graduated from college with a degree in economics, most voters in my state chose to turn their backs on the “California dream.” Not unlike the American dream, California’s iteration focused on the limitless possibilities awaiting anyone who moved to the state. It was the state’s basic philosophic footing, a social compact that connected generations, geographies and economic classes in a common destiny….