If California's a 'bad state for business,' why is it leading the nation in job and GDP growth?
State and federal statistics released as recently as Friday make it clear: California is smoking hot, economy-wise.
The state gained 40,300 jobs in June and 461,000 over the year. With a gain of 2.9%, that was the best 12-month record of any large state except Florida, which won by a nostril with a gain of 3%, and much better than the nation as a whole (1.7%). According to the congressional Joint Economic Committee, California leads the nation in growth in its gross domestic product, which grew by 4.2% in 2015 more than twice the national rate.
This record raises numerous questions, the most interesting of which is: So whats all that guff about California being a business-unfriendly state?
We ask because grousing from business lobbies about Californias economic climate continues unabated. CNBC, which ranks all states according to 60 measures of competitiveness, placed California way down at No. 32 in its 2016 rankings this week. In his Rich States, Poor States ranking for the conservative, pro-business American Legislative Exchange Council, or ALEC, conservative economist Arthur Laffer places California at a dismal 46th in economic outlook for 2016.
http://www.latimes.com/business/hiltzik/la-fi-hiltzik-california-econ-growth-20160722-snap-story.html

meow2u3
(24,999 posts)It means business can't get away with rampant theft and screwing over workers.
Dawson Leery
(19,388 posts)elleng
(137,856 posts)but it's likely complaints about 'regulation.' HOWEVER, UNregulated capitalism CANNOT thrive. It just bothers them, all those little details to comply with, like environment and fairness!
Agnosticsherbet
(11,619 posts)Conservatives insist it is bad.
Person 2713
(3,263 posts)Wellstone ruled
(34,661 posts)Their business and industry is going gang busters,despite the huge mess the Terminator left behind.
demosincebirth
(12,761 posts)better? Average temp in the winter? I'll go with 55 degrees...and that's effen cold!
I forgot; we have dems running our state -- debt free, with a little in the bank (billions) for rainy days
SunSeeker
(54,457 posts)California is literally humming!