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Posts Tagged ‘California Economy’

Here is a breakdown of the California economy by sector:

california-economy-2008

A lot of people trash California for its liberal values, and they trash the governor. The fact is, the economy is doing great. It’s a model to the rest of the country. California is a thriving, exciting state to live in. Yes, it had its ups and down, just like other states, but it always comes back. Business and people love California.

There is this conception that most of its income is from agriculture. That’s not true at all. Only 2% of the GDP is from agriculture. Mind you, 80% of its water use goes to agriculture. But that’s a subject for another post.

Smaller than expected, with 9% of the GDP, is the Professional and Technical Services sector. That’s where my company has contributed over the last 30 years.

And now you know more about the segments of the 7th largest economy with its $2.31 trillion GDP in 2014.

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California gave illegal immigrants drivers licenses and college tuition and conservatives said that encouraging immigrants like that would destroy the economy. But it didn’t. Immigrants just take jobs Americans don’t want to do, like raising their children.

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