[Video]California lost 190K residents last year
Posted: February 21st, 2020, 7:55 am
source:
https://www.youtube.com/watch?v=zXh_ylywCpM
https://www.msn.com/en-us/lifestyle/did-you-know/california-lost-190k-residents-last-year/vp-BBYmMOS
transcript:
Welcome back to Squawk Alley, the nation's largest economy, California is losing a generation of wage earners. Jane Wells is joining us from Los Angeles to explain where they are going. Jane?
Hi, Mike. Yeah, it's not just large companies like Charles Schwab leaving California, the senses here do not lie. All kinds of young professionals, some of them making decent salaries are leaving too. Take for example, 30 year old Sydney Mockey, she was an educator in Oakland making about 58 grand, got moved to Portland of Oregan, got the same job at 70 grand allowing her to buy a brand-new condo, something that never would have happened in California.
At one point I was working three jobs, and I was just really tired, so that was kind of the last straw.
Small business owners Daniel & Scott Fortier, moved from LA to Nashville because they couldn't afford to save for retirement or their kids' college funds even though Scott was working 80 hours a week at his own business. In LA, look at this, they had a 3100 square foot house on a small lot. In Tennessee, they own a larger house on 7 acres with the building to run their business out of no state income taxes, property taxes a third of what they were in California. Health insurance cost cut nearly in half.
We've been here about six months, and in that six months we've already had six friends of ours, six couples, relocated to the same area also.
People of the image of all these old people, who are frustrated, leaving, but actually the ones who are leaving are family age people, people of 30 to 54, that group. That's the group that's leaving.
Joel Kotkin, Chapman University. Now, well, millennial are leaving California. Fewer are moving in. Kotkin says that could really eventually impact California, sort of entrenched culture, innovation, and dreamers, and that could hurt the nation. Besides, we're all moving to your state, and maybe driving up your prices. Well, it's easy for people to leave, guys it may sound geo-centric. It's really difficult to recreate that culture somewhere else from scratch. Back to you.
references:
economy: the system by which a country’s money and goods are produced and used, or a country considered in this way 经济体、区域
grand: a thousand pounds or dollars 一千美金
condo: =condominium, 分户出售公寓大厦，独立的公寓房
geocentric: geo + centric 以某地区为中心的
https://www.youtube.com/watch?v=zXh_ylywCpM
https://www.msn.com/en-us/lifestyle/did-you-know/california-lost-190k-residents-last-year/vp-BBYmMOS
transcript:
Welcome back to Squawk Alley, the nation's largest economy, California is losing a generation of wage earners. Jane Wells is joining us from Los Angeles to explain where they are going. Jane?
Hi, Mike. Yeah, it's not just large companies like Charles Schwab leaving California, the senses here do not lie. All kinds of young professionals, some of them making decent salaries are leaving too. Take for example, 30 year old Sydney Mockey, she was an educator in Oakland making about 58 grand, got moved to Portland of Oregan, got the same job at 70 grand allowing her to buy a brand-new condo, something that never would have happened in California.
At one point I was working three jobs, and I was just really tired, so that was kind of the last straw.
Small business owners Daniel & Scott Fortier, moved from LA to Nashville because they couldn't afford to save for retirement or their kids' college funds even though Scott was working 80 hours a week at his own business. In LA, look at this, they had a 3100 square foot house on a small lot. In Tennessee, they own a larger house on 7 acres with the building to run their business out of no state income taxes, property taxes a third of what they were in California. Health insurance cost cut nearly in half.
We've been here about six months, and in that six months we've already had six friends of ours, six couples, relocated to the same area also.
People of the image of all these old people, who are frustrated, leaving, but actually the ones who are leaving are family age people, people of 30 to 54, that group. That's the group that's leaving.
Joel Kotkin, Chapman University. Now, well, millennial are leaving California. Fewer are moving in. Kotkin says that could really eventually impact California, sort of entrenched culture, innovation, and dreamers, and that could hurt the nation. Besides, we're all moving to your state, and maybe driving up your prices. Well, it's easy for people to leave, guys it may sound geo-centric. It's really difficult to recreate that culture somewhere else from scratch. Back to you.
references:
economy: the system by which a country’s money and goods are produced and used, or a country considered in this way 经济体、区域
grand: a thousand pounds or dollars 一千美金
condo: =condominium, 分户出售公寓大厦，独立的公寓房
geocentric: geo + centric 以某地区为中心的