Something Weird is Happening in California | Economics Explained
Economics Explained
Aug 30, 2023
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California, the US's third largest state, ranks as the world's 4th or 5th economy all by itself. With an output over $3.5 trillion, Californians are among the globe's top producers. But despite its growth, the state faces challenges: global pressures, population decline, and social problems.
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Economics Explained
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Peter Burgess
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California GDP ranking as a country
GDP per capita by State
Raw Land in California
Resource extraction
Land, Labour Capital
Gold
Gold rush ... getting to California!
Urban sprawl
Higher end urban sprawl
Industrial growth ... Tesla
Highways
Urban California
Remote .. make it work
Arable land ... good for farming
Roads and cars ... congestion
Agriculture ... grain
Rail
Education
Education
Education
Education
Education
Movies
Movies
Movies
City Center
Foreign Direct Investment (FDI) into the USA
Google logo
Google headquarters
Four essentials
Apple
Tesla
Precision machining
Agriculture
Dutch disease ... declining economic scale
Strip mining for coal
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