2 ms·
I'm not sure this is in fact true. We have experiments going on at the state level. People have a higher standard of living in states with less regulation. IMO
by justinzollars 7y ago
I'm not sure this is in fact true. We have experiments going on at the state level. People have a higher standard of living in states with less regulation.
IMO I would argue California's new law is not about protecting workers, who are actually able to earn more money as independent contractors, but about protecting higher tax revenues collected on employees.
In San Francisco where I live, we have almost no middle class primarily because it's so expensive to live. Thats right no middle class. We have effectively outlawed housing with 7 year approval cycles, and exclusionary zoning. It's nearly impossible to develop in California.
What does the data show? People are leaving California to move to states like Texas. Half of Californias are thinking of leaving the state. Poverty is shrinking everywhere except California where 18% of the population is living in poverty.