Katy Grimes is the Editor In Chief of California Globe.
On this episode of Who Knows, Katy explains how the state's shift in politics and economic policies has led to the decline of manufacturing jobs and the rise of a service-based economy. Grimes also highlights the exodus of companies, retailers, and insurance companies from California, as well as the increase in theft and crime. She discusses the state's budget deficit and the breakdown of tax revenues.
Connect with Katy:
- Website: https://californiaglobe.com/
- Twitter: https://twitter.com/KATYSaccitizen
Chapters
00:00
Introduction
01:01
California's Economic History
02:46
California's Tax Revenues and Deficit
04:02
Companies Leaving California
06:09
Manufacturing Businesses Leaving California
11:15
Retailers Closing in San Francisco
13:30
Rise in Theft and Crime
15:17
Office Vacancy in San Francisco
18:42
California's Spending and Budget Deficit
20:24
Unfunded Pension Liability
25:53
Proposed Taxes and Solutions
31:12
Future Outlook for California's Economy
36:19
Political Changes and the Need for Vigilance
