Also, California was hit hard by the recession. So they were going to grow more by percentage because they were hit harder. When the next one comes, There will be fewer wealthy people and more poor people in California. Almost all of this comes from a few companies in Silicon Valley. You take out LA and San Fran and you have a shaky economy. Don’t worry they won’t make it through the next slow down.
I’m under the impression that Kansas held on pretty well through much of the period from 2008 up until oil and ag commodities fell in 2014. So, they’re just beginning to feel the effects of the downturn. Whereas, California was hit badly and early on, but the large urban areas at least have recovered. I’d say the effects of Kansas tax cuts have yet to make an impact, and the effects of California tax increases have yet to show up in statistics. All parts of the country aren’t at the same stage of recession simultaneously.
“Don’t worry they won’t make it through the next slow down.”
On the contrary, they will rebound faster than any other state. The CA economy is diverse and resilient.
Don’t get me wrong - I dislike the politics here and would rather live in the Rocky Mountain West - however, there’s no denying the success or the “powerhouse” nature of the CAs economy.