Personal Economics 101

This Headline from the Los Angeles Times was eye catching.  Proposed bill would shorten California workweek to 32 hours. Here’s what you need to know: “The bill, AB 2932, would change the definition of a workweek from 40 hours to 32 hours for companies with more than 500 employees.” Companies would be prohibited from cutting the pay of workers – so effectively every worker covered by the law would be getting a 20% mandatory pay raise. France and many other Western European nations tried this in the 1980s and it led to the deindustrialization of these countries, before they abandoned the ruinous experiment. I wonder if the geniuses in Sacramento who are plowing this bill forward have any idea where the money will come from so that workers can be paid more to produce less. It’s a very good way to move all manufacturing out of California. Some employers will simply try to raise prices to make up for the higher labor costs, which will only make inflation worse. Brilliant. And Governor ...

https://youtu.be/6Svc7GLUqd4 Why are millions of people leaving California and moving to other states? What do those states have that California doesn’t? PragerU’s first mini-documentary explores the root causes of this mass exodus from the Golden State. “Fleeing California,” featuring PragerU’s own Will Witt, sheds light on one of the most significant but underreported stories of our time.

See Part 1  or See Part 2 . The Democratic presidential candidate and former New York City mayor likes a lot of what he sees in the Golden State and thinks its efforts on climate change, gun control and criminal justice reform sets a benchmark for other states to emulate. “I think that California can serve as a great example for the rest of this country,” Bloomberg told supporters at the opening of his Angeles headquarters in January 2020 . What follows is a sampling of articles that deal with California's decline, something that is not a model for the rest of the country.  Why is liberal California the poverty capital of America? Guess which state has the highest poverty rate in the country? Not Mississippi, New Mexico, or West Virginia, but California, where nearly one out of five residents is poor. That’s according to the Census Bureau’s Supplemental Poverty Measure, which factors in the cost of housing, food, utilities and clothing, and which includes non...

Part 1 here . On Leaving the Golden State Guest Post by NicklethroweR . Posted on the Burning Platform. The fabled Ventura Highway is all that separates my artist loft from the beach where surfing first came to the United States. Both my balcony and front patio face the freeway at about eye level and I could easily smack a tennis ball right on to the ever busy 101. Access to the beach and boardwalk is very important to a Tourist Town such as mine and I can see one underpass from my balcony and another underpass from the patio. Further up the street are two pedestrian bridges. Both have been recently remodeled so that people can not use it to kill themselves by leaping down into traffic. The traffic, just like the spice, must flow and the elites that live here do not like to be inconvenienced as they dart about between Malibu and Santa Barbara. Another feature of living where I live would have to be the homeless, the insane and the drug addicts that wander this particular...

Downtown San Francisco: Taken over by the homeless. California's path is unsustainable The Democratic presidential candidate and former New York City mayor likes a lot of what he sees in the Golden State and thinks its efforts on climate change, gun control and criminal justice reform sets a benchmark for other states to emulate. “I think that California can serve as a great example for the rest of this country,” Bloomberg told supporters at the opening of his Angeles headquarters in January 2020 . California is a place unlike any other. It boasts perhaps the greatest natural resources of any state along with shining high-tech industries. However, like many good economic stories, government policies threaten its future. Indeed, its government has made California unsustainable. Of course, it wasn’t always this way.  As the 1960s came to a close in California, it had a population of nearly twenty million. In the decade before, its economic strength afforded...