California unemployment to 10.1%

[glenn1]

I can't say I'm really surprised. Couple this with the credit rating downgrade to worst state in the nation (below Louisiana now) and the increasingly punitive tax rates on those still employed (until they leave the state in disgust), and you have a state heading for a complete meltdown. Fiscal discipline will likely only be imposed on the state following a bankruptcy.


story link

 

[Thump553]

That's really scary, as California is a major industrial state. It's not like you are a one industry economy either. I suspect CA is just on the leading edge of the curve and the rest of us will be there before too long. A major insurer nearby announced 25% layoffs today.

 

[StageLeft]

Not surprised at all, they were already into the 9's at last count and will of course hit 11% and beyond.

 

[wjgollatz]

It will get worse. People have been getting fed up with the state for a long time. Young workers with job skills, and not tied down to CA, are leaving CA at any opportunity. Only the good weather slows their exodus. My brother, in fact his entire group left his company within 6 months time frame not because of the pay, they just wanted to get the hell out of CA while the "getting" was good 6+ employees). Their basic requirements were just 80% of their CA pay and anywhere but CA. I would expect a much larger exodus of employers that do not need to actually employ people in the boundaries of CA.

 

[sandorski]

Within 12-18 months you can replace "California" with "US" most likely.

 

[JohnnyGage]

There has also been a net loss of people leaving Ca. to those coming in.

 

[babylon5]

Originally posted by: wjgollatz
It will get worse. People have been getting fed up with the state for a long time. Young workers with job skills, and not tied down to CA, are leaving CA at any opportunity. Only the good weather slows their exodus. My brother, in fact his entire group left his company within 6 months time frame not because of the pay, they just wanted to get the hell out of CA while the "getting" was good 6+ employees). Their basic requirements were just 80% of their CA pay and anywhere but CA. I would expect a much larger exodus of employers that do not need to actually employ people in the boundaries of CA.

There is no big reason why one must stay in CA, with quality of life slowly declining.

Unless you're an actor/actress wanna-be, then you must go to LA.

 

[Jiggz]

Originally posted by: sandorski
Within 12-18 months you can replace "California" with "US" most likely.

This is a reality that everybody will have to admit! CA is the model state that this administration is following in changing our nation. With Pelosi and Reid on the helm it'll be a big surprise if the good ol' USA does not end up like CA!

 

[Ozoned]

Just venturing a guess that the (big 5) states with the worst housing valuation problems will be hit the worst with unemployment. I'm Just glad the scam didn't spread beyond where it did.

 

[OrByte]

I left CA in 2006

but came back

The rest of the nation ain't that great

 

[Craig234]

Originally posted by: babylon5

Originally posted by: wjgollatz
It will get worse. People have been getting fed up with the state for a long time. Young workers with job skills, and not tied down to CA, are leaving CA at any opportunity. Only the good weather slows their exodus. My brother, in fact his entire group left his company within 6 months time frame not because of the pay, they just wanted to get the hell out of CA while the "getting" was good 6+ employees). Their basic requirements were just 80% of their CA pay and anywhere but CA. I would expect a much larger exodus of employers that do not need to actually employ people in the boundaries of CA.

There is no big reason why one must stay in CA, with quality of life slowly declining.

Unless you're an actor/actress wanna-be, then you must go to LA.

Or in yoiur case, the San Fernando Valley. (Just a joke, if you get the reference).

 

[Craig234]

Originally posted by: OrByte
I left CA in 2006

but came back

The rest of the nation ain't that great

Smart move

 

[Steeplerot]

Having all the rent-raising yuppie assholes from elsewhere leave the cities of California is bad in what way? This sounds great to me!
Now we don't have to wait for an earthquake to scare them off.

 

[Corn]

Originally posted by: TheRedUnderURBed
Having all the rent-raising yuppie assholes from elsewhere leave the cities of California is bad in what way? This sounds great to me!
Now we don't have to wait for an earthquake to scare them off.

Funny how people will cut off their nose to spite their face. Detroit is what happens when all the "rent-raising yuppie assholes" leave a city. Be careful what you wish for.

 

[Steeplerot]

Originally posted by: Corn

Originally posted by: TheRedUnderURBed
Having all the rent-raising yuppie assholes from elsewhere leave the cities of California is bad in what way? This sounds great to me!
Now we don't have to wait for an earthquake to scare them off.

Funny how people will cut off their nose to spite their face. Detroit is what happens when all the "rent-raising yuppie assholes" leave a city. Be careful what you wish for.

No, Detroit is an example of what happens when working class leave along with good manufacturing jobs. What happened here since the 90s are people who have exploited the real estate industry and local officials in zoning laws to build unsustainable housing for the upper class while driving out the working folks. (And tearing down real estate used for manufacturing and warehouse space for live work lofts for indebted yuppies to leave behind to rot with no viable alternative use for industry)

And yes, I am pointing the finger squarely at Democratic leadership acting like Reps selling out to big business for the almighty $.

So much for progressive urban development, but nonetheless it will be nice to see some decay again in the cities, it is the cycle of life itself.
Maybe next upswing the so called Democrats will think first before gutting our cities out for short term gain.

Nice expensive yuppie live work lofts get abandoned by idiots who could never afford them, crackheads move in and squat them sooner or later they get burnt down, hopefully something better takes its place. This is the inevitable final end of the dot com boom and the cycle of the city.

 

[glenn1]

Originally posted by: TheRedUnderURBed

Originally posted by: Corn

Originally posted by: TheRedUnderURBed
Having all the rent-raising yuppie assholes from elsewhere leave the cities of California is bad in what way? This sounds great to me!
Now we don't have to wait for an earthquake to scare them off.

Funny how people will cut off their nose to spite their face. Detroit is what happens when all the "rent-raising yuppie assholes" leave a city. Be careful what you wish for.

No, Detroit is an example of what happens when working class leave along with good manufacturing jobs. What happened here since the 90s are people who have exploited the real estate industry and local officials in zoning laws to build unsustainable housing for the upper class while driving out the working folks. (And tearing down real estate used for manufacturing and warehouse space for live work lofts for indebted yuppies to leave behind to rot with no viable alternative use for industry)

And yes, I am pointing the finger squarely at Democratic leadership acting like Reps selling out to big business for the almighty $.

So much for progressive urban development, but nonetheless it will be nice to see some decay again in the cities, it is the cycle of life itself.
Maybe next upswing the so called Democrats will think first before gutting our cities out for short term gain.

So you don't like rich people, and evidently you don't like poor people either since by your reckoning they're the only ones left now that all the manufacturing jobs have left Detroit. You know, there's a word for non-"rent raising yuppie assholes" who are "working class," - they're called "suburbanites".

Please do tell where one can find a place filled with the sort of ideal "working class" folks that you so desire but none of those dreadful rich folks? The world wants to know where this magic place is.

 

[Steeplerot]

Originally posted by: glenn1
they're the only ones left now that all the manufacturing jobs have left Detroit.

I never said this, these cities around the manufacturing jobs up north have been depopulated by the working class mainly.
Edit: I have nothing against the rich per se, nothing more then you have against the poor, I was referring to yuppies, which here are wanna-be urbanites coming to California to be "hip" and "slum it" in the cities like they are living some fantasy of being working class or a poor starving artist, as they literally drive out the poor starving artist and working class.

 

[Corn]

Doesn't matter whether it is "working class" or "yuppies" taking flight from a city, the result is the same. The "working class" didn't abandon Detroit, they are still there.

 

[glenn1]

Originally posted by: TheRedUnderURBed

Originally posted by: glenn1
they're the only ones left now that all the manufacturing jobs have left Detroit.

I never said this, these cities around the manufacturing jobs up north have been depopulated by the working class mainly.
Edit: I have nothing against the rich per se, nothing more then you have against the poor.

Well then, what is your ideal place then? Somewhere like Guangdong, China - lots of manufacturing jobs, millions of "working class" folks and very few "yuppie assholes"?

 

[Steeplerot]

Originally posted by: Corn
Doesn't matter whether it is "working class" or "yuppies" taking flight from a city, the result is the same. The "working class" didn't abandon Detroit, they are still there.

Detroit has had a exodus of people, some stayed but a large part had to leave to find work elsewhere.

Population Growth

Detroit, MI

Population Change Since 1990

-13%

Population Change Since 2000

-6%

link
Edit:
I am sure th e 80s statistics are far more drastic, but I am not taking the time to research stuff for you guys who do nothing but make one-liners to try and annoy me and waste time.

 

[Steeplerot]

Originally posted by: glenn1

Originally posted by: TheRedUnderURBed

Originally posted by: glenn1
they're the only ones left now that all the manufacturing jobs have left Detroit.

I never said this, these cities around the manufacturing jobs up north have been depopulated by the working class mainly.
Edit: I have nothing against the rich per se, nothing more then you have against the poor.

Well then, what is your ideal place then?

Dunno, maybe they can all pile into abandoned Ikea warehouses, set up some latte machines and bingo! :laugh:

 

[Colt45]

Originally posted by: glenn1
increasingly punitive tax rates on those still employed (until they leave the state in disgust),

Haha. Yeah the 10% unemployment is obviously due to people saying "fuck this tax, i'm gonna quit working"

 

[Corn]

Originally posted by: TheRedUnderURBed

Originally posted by: Corn
Doesn't matter whether it is "working class" or "yuppies" taking flight from a city, the result is the same. The "working class" didn't abandon Detroit, they are still there.

Detroit has had a exodus of people, some stayed but a large part had to leave to find work elsewhere.

Population Growth

Detroit, MI

Population Change Since 1990

-13%

Population Change Since 2000

-6%

link

You've obviously got no idea about the reason for the reduction of population in Detroit. 1990 - 2000 was a relative boom era for the Detroit area manufacturing base (that being automotive). People flee Detroit because it is the safe and sensible thing to do if you have the means to escape--the irony being the healthy economy facilitated the reduction in population from that time period. While Detroit proper lost population, the population of the surrounding suburbs increased.

 

[Steeplerot]

Originally posted by: Corn


You've obviously got no idea about the reason for the reduction of population in Detroit.

Probably not as the closest I have ever gotten to the midwest is Chicago, but the numbers do not lie in the provided link.

 

[irwincur]

I will back Corn on this one.

While not being a fan of Detroit at all (from the under-rated West side of the State), Detroit proper is a pile of shit, but the metro is a totally different environemnt. When people say Detroit is dead, they literally mean Detroit the city, not the other 4 million people around it.

The 90's were a boom time for the metro area, no one would argue that. For three years of the decade the metro led in business expansions - beating Chicago and NYC. But, those were all in the metro and very little in the city. There was a push to rehab downtown Detroit, but that all fell to shit when everyone realized that mayor Kilpatrick was a total gang-banging loser.

Detroit is Detroit's problem. It will never get better. But amazingly, the metro ring around it has actually held up - until recently. Now that the auto companies are really under the gun, it is hard to say. Which is why that as long as I am stuck in Michigan I am happy to be from the other side of the State. There is an independant spirit here that has always kept us removed from that money pit. Problem is, Detroit proper sucks up every single penny this State has.