California is Devouring Its Young

Think the young can afford the high taxes (which they have been begging for, never expecting THEY will be paying), high housing costs (they never dreamed that by stopping the building of new homes, they would be priced out of housing).  Then you have the high cost of mediocre education, after diploma’s from High School and College the young have nothing (too many riots, safe places and ideological classes means they are able to flip burgers and little else.

The California young did it to themselves.  They have no one else to blame—they asked for high taxes, bad education, poor health care, crowded roads and a world class State—Third World State.

“A new report from the Center for Demographics and Policy at Chapman University concludes that the Golden State has become hostile territory for the millennial generation. More than 20% of the state’s 18 to 24-year-olds live in poverty. Well-paying jobs in the information, finance and manufacturing sectors are scant, forcing even the educated to work low-wage service and leisure jobs for longer periods of time. Lawmakers pursue higher wage mandates to offset these challenges, but the youth unemployment rate grows ever higher. In 2017, it increased from 18% to 20%.

The problem is compounded by a crippling housing crisis, spurred by anti-development sentiment and strict regulations. Homes in California are 230% above the national average. That makes it nearly impossible for a middle-aged couple to attain the dream of home ownership, let alone a 30-something just starting out. Unsurprisingly, we have some of the lowest percentages of homeownership for those aged 25 to 34 in the nation. Only New York and Hawaii are worse.

They should have learned just one lesson in government schools—TANSTAAFL—There ain’t no such thing as a free lunch.  Until they learn that lesson, they are living the life they wanted.

Jerry Brown state of the state

California is Devouring Its Young

California County News,  05/7/2017

The Golden State has long been synonymous with youth and vitality. This is where bright-eyed Midwesterners come to pursue their dreams of Hollywood stardom; where brilliant young techies venture to launch startups in the hopes of becoming the next Steve Jobs or Mark Zuckerberg.

Increasingly, it’s also where dreams come to die.

A new report from the Center for Demographics and Policy at Chapman University concludes that the Golden State has become hostile territory for the millennial generation. More than 20% of the state’s 18 to 24-year-olds live in poverty. Well-paying jobs in the information, finance and manufacturing sectors are scant, forcing even the educated to work low-wage service and leisure jobs for longer periods of time. Lawmakers pursue higher wage mandates to offset these challenges, but the youth unemployment rate grows ever higher. In 2017, it increased from 18% to 20%.

The problem is compounded by a crippling housing crisis, spurred by anti-development sentiment and strict regulations. Homes in California are 230% above the national average. That makes it nearly impossible for a middle-aged couple to attain the dream of home ownership, let alone a 30-something just starting out. Unsurprisingly, we have some of the lowest percentages of home ownership for those aged 25 to 34 in the nation. Only New York and Hawaii are worse.

Rents are just as bad. As a result, more millennials are living at home with their parents than ever before. In Southern California, over 40% of people between the ages of 18 and 34 are still bunking with mom and dad.

What does it all mean? Exodus.

Outmigration is rising again in the Golden State, according to the U.S. Census Bureau. Even more worrisome, it is the young and middle and upper classes that appear to be leaving. The trend is most pronounced in the more expensive regions of the state. 74% of Bay Area millennials say they are considering moving out in the next five years. Meanwhile, as we reported in March, Realtor.com recently ranked Salt Lake City, Utah as the #1 city capturing millennial interest because of its affordability. In other words, millennials are less interested in San Francisco and L.A. than a place where state liquor stores close on Sundays and beer’s alcohol content is limited to 3.2%.

The inhospitableness doesn’t just threaten to change the culture of California as we know it; it’s putting the state’s long-term social and economic stability in jeopardy, the researchers conclude. Lawmakers and regulators must pursue new policies to make California a more attractive place for middle class workers and young people. If not, we risk becoming the land of broken dreams.

About Stephen Frank

Stephen Frank is the publisher and editor of California Political News and Views. He speaks all over California and appears as a guest on several radio shows each week. He has also served as a guest host on radio talk shows. He is a fulltime political consultant.