Re:The Ultra-Rich Are Flourishing and Sticking Around in Cal...
by josephjrobison on Tuesday August 01, 2023 @07:50PM
(#36964928)
For sure, it’s always been a blend of both but you’d have to agree there was more of it than those moving to other parts of the Western US, which impacted many things downstream.
And the question is more about whether it’s currently primarily a luxury option as a headline idea, with a thousand different caveats.
People moved to CA to try to make it big in movies or music, although most failed, they still lived a pretty good lifestyle throughout most of the 20th century. Not because they were already Brad Pitt or Madonna.
People moved to Silicon Valley, initially just to get jobs at a burgeoning semiconductor industry a few decades ago. Then later to start up companies in personal computing or internet businesses. Not because they were already Steve Jobs or Jeff Bezos. Although most people never got that level of success, there was still a pretty good lifestyle available to young adults in the valley throughout most of the late 20th century.
Most people throughout California's history moved there for opportunity not as a luxury.