You are here: Home Articles LA Times California's dismal economy needs an infrastructure boost
  • Increase font size
  • Default font size
  • Decrease font size
Search
sl-01.jpg

California's dismal economy needs an infrastructure boost

What better way to solve the state's employment problem than spending on critical infrastructure?

So how are California's workers faring on this, the day after their Labor Day weekend?

Abysmally. God-awfully. Consider a few grim particulars:

California ranks third among the 50 states in the percentage of its workers without work. On average, the unemployed Californian is jobless for a record-high eight months, according to a new report from the California Budget Project.

Some key sectors of the California economy have all but vanished. Housing construction, the primary engine of the Southern California and the inland California economy for much of the last decade, leads the list. Between 2005 and 2009, the number of residential construction permits fell by 83%. The number of employed residential construction workers plunged from 487,000 to 77,000. And over just the last two months, the number of home sales has again declined sharply, now that federal stimulus benefits for buyers have trickled to a halt.

Read More

 

Harold Meyerson Named One of Nation’s Top 50 Columnists!

awardIn September, 2009 Atlantic Monthly named Harold Meyerson one of 50 Most Influential Columnists. Calling its list “its all-star team,” Atlantic Monthly’s Top 50 are the most influential commentators in the nation – the columnists and bloggers and broadcast pundits who shape the national debates. Harold Meyerson is honored to be in their midst.

To get a complete list of the country’s Top 50 Idea-meisters, click here.

Harold Meyerson's Book

Harold Meyerson's Book
Who Put the Rainbow in the Wizard of Oz?
Yip Harburg, Lyricist

Find Out More!


Latest Videos

David Sirota's new book, "Hostile Takeover"

JavaScript is disabled!
To display this content, you need a JavaScript capable browser.


Latest Podcasts

Listen to Harold Meyerson every other week on Jon Weiner’s 4 O’clock Show on KPFK and KCRW

  • Wed 1/7, 4pm: Gaza... and Washington


  • Wed. 12/10, 4pm: Corruption in Chicago

More Podcasts