Tao Economics Forum

Full Version: Low Income workers are fleeing California in droves
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California’s high housing prices and rising gas prices are driving away what remains of the state’s low-income citizens. Those migrating from the coastal state are making way for places like Las Vegas and Arizona, where housing prices are relatively cheap compared to California.

“Lower income Californians are the ones who are leaving, not higher income,” research and consulting firm Beacon Economics partner Christopher Thornberg told CNBC reporters. He based his analysis on U.S. Census Bureau’s American Community Survey data, which show more people moved out of California from 2016 to 2017 than into the state.

http://www.bizpacreview.com/2018/03/21/m...mpaign=DMS

Regressive tax increases hurt the low-income worker harder than the high-income worker.