Sunday, October 09, 2011

California’s decline will only get worse unless lawmakers loosen regulations.

City Journal reports on how bad California's decline has been:
As of 2010, the U.S. Bureau of Economic Analysis estimated California’s per-capita income at $43,104, about 6 percent above the national average of $40,584. Texas was still a shade below the average (at $39,493), but it has been gaining ground. It was 6 percent below the average in 2000. California has been trending the other way. Its per-capita income had been 10 percent above average in 2000, 18 percent above average in 1980 and 24 percent above average in 1960.
Great moments in Blue America.