Re:Lyft lays off 17% of workforce, furloughs hundreds more
by james-mcelwain on Thursday April 30, 2020 @10:28AM
(#23031137)
People are leaving California because of the housing crisis, which is undoubtedly a huge issue, but is an indicator of massive demand to live in California, not that people are fleeing the state due to fiscal mismanagement
Re:Lyft lays off 17% of workforce, furloughs hundreds more
by Acrobatic_Road on Thursday April 30, 2020 @10:17PM
(#23038473)
Late reply, but the housing crisis is actually a major problem of supply, not demand. It's very time-consuming and costly to get anything built in California. Texas is experiencing positive net migration, and presumably those migrants demand Texan homes, yet Texan housing is much more affordable than California. Ditto for Florida.
Do they? I'll grant you that nobody wants to live in Kansas. It had a net migration of −4.32% between 2017-2018. But California doesn't fair much better at −3.95%. People are also fleeing Illinois, Connecticut and Massachusetts (all in the bottom 5 as give by Mercatus) in record numbers.
https://en.wikipedia.org/wiki/List_of_U.S._states_and_territ...
As people leave these state, it certainly does impact their ability to raise revenue, and this is compounded by how many blue states rely on progressive taxation.
>I mean, the fact that Kansas is so high on this list should tell you all you need to know.
But Kansas is a special case. Their pension funds were crippled by particularly bad mismanagement and corruption. The question you should be asking is why are the other bottom 5 blue states?