John Husing, Ph.D. Economics & Politics, Inc. Chief Economist, IEEP

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Presentation transcript:

John Husing, Ph.D. Economics & Politics, Inc. Chief Economist, IEEP Economic Issues From CA Policies John Husing, Ph.D. Economics & Politics, Inc. Chief Economist, IEEP

Poverty

Educational Challenge

Ethnicity

Economic Challenges Ensuring Policies Do Not Discriminate Against The Poor Moving People From Poverty To Middle Class Creating Jobs Moving Marginally Educate To Middle Class Ensuring Small Business Job Engine Can Compete

Median Pay By Sector Jobs Available To Marginally Educated

What Sectors Have The Jobs

Where Are Jobs By Median Income?

What Sectors Are Growing

Total Jobs vs. Growing Jobs By Median Pay Group

Economic Challenge Policy Clash! 100% Renewables Costs Kill Jobs

Poverty A Public Health Issue Socio-Economics (Poverty, Lack of Jobs) 40% Population’s Behaviors Related To Poverty 30% Access to Medical Care An Issue for the Poor 20% Environmental 10% 90% Source: Different Perspectives For Assigning Weights To Determinants of Health, University of Wisconsin, Public Health Institute, 2010

Manufacturing

U.S./CA Manufacturing Job Growth

Manufacturing Job Growth Who Needs These Jobs To Grow … Marginally Educated CA Air Resources Board

CA Electrical Cost +74.6% +83.5% +135.4%

Natural Gas A Bargain

Marijuana?

Median LA Manufacturing Pay, 2018 $60,239 Who Needs These Jobs To Grow … Marginally Educated

Sophisticated Logistics Operations

E-Commerce 1.1% 9.1% 15.5%

International Trade

Port Container Volumes Record Levels

Diesel Prices

Logistics Job Growth AQMD Indirect Source Rule

Median LA Logistics Pay: 2018 $50,537 Who Needs These Jobs To Grow … Marginally Educated

Construction

Total Home Sales CEQA

Price Competition Highest Prices & Gaps In History

Marginally Educated Forced To Migrate Inland Affordability Shares Marginally Educated Forced To Migrate Inland

Diesel Prices

Construction Job Growth

Median LA Construction Pay: 2018 $58,025 Who Needs These Jobs To Grow … Marginally Educated

Population Serving & Tourism

Population Serving Job Growth

Natural Gas A Bargain

CA Regular Gas

Median LA Pay, 2018 $33,715

Inflation Worry 3.6% 2.2%

The Poor & Marginally Educated Who Is Hurt By . . . Higher Gasoline Prices Rising Home Prices Slower Manufacturing Job Growth Slower Logistics Job Growth Higher Prices The Poor & Marginally Educated

Those Under Economic Stress Economic Challenge Policy Clash! Wealthy Advocates Those Under Economic Stress Sacramento’s Leadership No Longer Seem To Care

Poverty A Public Health Issue Socio-Economics (Poverty, Lack of Jobs) 40% Population’s Behaviors Related To Poverty 30% Access to Medical Care An Issue for the Poor 20% Environmental 10% 90% Source: Different Perspectives For Assigning Weights To Determinants of Health, University of Wisconsin, Public Health Institute, 2010

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