Nearly every news outlet in California has been gleefully reporting that the state economy is bouncing back. While recent newsreports show unemployment has slightly dropped, the facts show otherwise — particularly telling is how the Legislature is so focused on increasing the minimum wage, rather than improving the business climate.
Unemployment in the state, and across the country, is worse than is being reported. And, it is far more complicated than a slight economic uptick, or slight “drop” in unemployment.
We’re creating jobs at a slower pace now than at the same time last year. And with the supposed drop in unemployment, the underemployed and those “no longer in the labor force” are issues rarely reported. There is no coincidence between dropping… Read More