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> More people are leaving California than moving in, evidence of the toll the state’s housing crisis is taking as the world’s fifth largest economy inches towar
by vecinu 7y ago
> More people are leaving California than moving in, evidence of the toll the state’s housing crisis is taking as the world’s fifth largest economy inches toward 40 million people. [1]
What is the myth again?
[1] https://ktla.com/2019/12/20/californias-population-stalls-at-39-million-as-states-growth-rate-slows/ https://ktla.com/2019/12/20/californias-population-stalls-at...
- dmode 7y agoThe myth is that there is overall net out migration. But the reality is that California's population is actually growing and there is net migration into the state. There is net domestic migration out of the state, which is more than offset by positive international migration into the state. Even within domestic migration - people leaving are poorer and people coming over are richer and wealthier. The "exodus" stories are often peddled to tell a story on how productive people are leaving and there will be no tax revenues. But the opposite is actually true. So, to summarize - 1) Net migration to CA is positive and 2) Net migration is actually bringing in more high income folks https://calmatters.org/explainers/california-population-migration-census-demographics-immigration/ https://calmatters.org/explainers/california-population-migr... https://www.latimes.com/politics/la-pol-sac-skelton-income-tax-california-wealthy-20190311-story.html https://www.latimes.com/politics/la-pol-sac-skelton-income-t...