Comments on: Uneasy balancing act for CA economy

By: ricky65

ricky65 — Thu, 31 Dec 2015 17:34:23 +0000

In reply to Queeg.

Not sure if the Visigoths are gaining ground but based on the crime rates in the cities, it appears the ‘Vandals’ have already arrived.
Thankfully, Emperor Nero in Rome-on the-Potomac has assured the citizens all is well.
While it is true he will no longer send the legions to fight our enemies at the gates he has proclaimed there will be free bread and circusses for the people. Non-citizens will be served first.

By: Queeg

Queeg — Thu, 31 Dec 2015 01:54:25 +0000

No doubt….the Visigoths are gaining and will come!

By: Richard Rider

Richard Rider — Wed, 30 Dec 2015 21:13:32 +0000

Even the good news in Silicon Valley might be fading. To the degree our employment is growing the state, it’s primarily in the modest income service industries, while the employment LOSSES heavily weighted in the much higher paying tech areas.

Consider this part of the latest unemployment report cited in the article:

Biggest gains were in Retail Trade (8,200; $33.4k average annual salary), Educational Services (5,900; $48.3k), and Accommodation & Food Services (4,400, $21.2k).

Biggest declines were in Information (-9,300; $152.9k), Other Services (-2,900; $35.4k), and Professional, Scientific & Technical Services (-2,500; $114.8k). All salary numbers are from Q1 2015 Quarterly Census of Employment & Wages.

By: Rex the Wonder Dog!

Rex the Wonder Dog! — Wed, 30 Dec 2015 20:50:29 +0000

“But the state unemployment rate continued its five-year-long decline, dropping to 5.7 percent in November, the lowest in eight years.”

Please, we ALL know the U-6 UE rate has been over 15% since 2007, and over 20% for 6 of the last 8 years. And the “new jobs” being created are of the low paying/no benefit jobs in retail, hospitality and food service. No new construction OR manufacturing JOBS AT ALL….those are the two job sectors that drive the middle class.

Trump is the ONLY politician who even refers to this bogus manipulation of the UE rate numbers put out by the Feds…..

By: Rex the Wonder Dog!

Rex the Wonder Dog! — Wed, 30 Dec 2015 20:41:36 +0000

In reply to Rex the Wonder Dog!. "Setting aside Silicon Valley and the Bay Area, for instance, “the Golden State’s employment growth between 2009 and 2014 and real gross domestic product per capita between 2009 and 2013 each drop about 2 percentage points,” as the Hoover Institution’s Carson Bruno observed. “This is a 55 percent reduction in economic growth and a 25 percent cut in employment growth for California without this one region.” Wow, I did not even see this before I posted. There you have it, take out Silicon Valley and we are NEGATIVE. Silicon Valley is what has made CA the last 20 years, just as Southern CA military spending made CA in the 1980's...military spending did not last, and neither will tech. In fact with all the H-1B VISA's being gifted out by the Feds, undercutting American workers, I would submit Tech has already dropped substantially.

By: Rex the Wonder Dog!

Rex the Wonder Dog! — Wed, 30 Dec 2015 20:35:02 +0000

“The analyses helped paint the picture of a state increasingly divided between a relatively prosperous coast and a more struggling interior. “By about 2 to 1, Californians believe the state is split between haves and have-nots, with slightly more people putting themselves in the latter category,”
Only Tech people in Silicon Valley-working 100+ hours weeks- and GED government trough feeders are doing good in CA.

That is it.