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http://www.bea.gov/newsreleases/regional/gdp_state/2009/gsp0609.htm http://www.bea.gov/newsreleases/regional/gdp_state/2009/gsp0... The actual data doesn't see
by sdh 17y ago
http://www.bea.gov/newsreleases/regional/gdp_state/2009/gsp0609.htm http://www.bea.gov/newsreleases/regional/gdp_state/2009/gsp0...
The actual data doesn't seem to fit the author's assessment.
California per capita GDP in 2008: 42,064 (ranked 7th)
Texas per capita GDP in 2008: 38,044 (ranked 19th)
U-Haul prices could be explained by demand. There could simply be more demand and fewer available trucks in California.
Anecdotally, I've lived in both states and the quality of life in California is infinitely better =)
- toby 17y agoI'm not sure that contradicts the author exactly. Higher unemployment, high GDP/capita, and net out migration suggests to me that a lot of lower and middle-class jobs have been lost in CA, while the higher-income jobs remain. And agreed, I love living in California.
- psyklic 17y agoAccording to the below article, U-Haul has to pay someone to drive the truck back, which makes the price more expensive. That sounds like a horribly inefficient system though! The article also contains some city migration statistics which support the OP's argument. Yet, they don't indicate whether people move directly from LA to TX. http://www.newgeography.com/content/00784-u-haul-prices-migration-indicator http://www.newgeography.com/content/00784-u-haul-prices-migr...