People leave California primarily because of housing prices, or because they are in industries which are leaving California because they're not longer growth companies (e.g. HP)
First of all, the data actually shows that while 90-100k people moved from CA to TX every year since 2019, about 40-50k moved from TX to CA, and the demographics of the TX->CA move is higher income, educated earners, and the move from CA->TX is far less Silicon Valley elite, and far more from the central valley, and tends to be blue collar.
Growth follows an S-curve, and in every major successful city in the world, be it NY, London, Seoul, Shanghai, or Tokyo, eventually you run into a slowdown, as cost of living increases.
A contraction in CA's population won't be bad, because CA is still brain draining the rest of the country and still receiving a higher chunk of investment funds compared to other states.
Reducing the burden of non-growth industries by sending them to TX along with blue collar workers, while taking the lions share of immigration of people with advanced degrees, as well as the lionshare of VC investment, seems like a good trade.
Honestly, Arizona is looking a lot better to me than Texas over the next decade. With 6 new state of the art semiconductor fabs under construction (2 TSMC, 2 Intel, 1 Samsung, 1 NXP) totalling $50 billion, another $100 billion in investment promised by TSMC, and the recently enacted $50 billion Senate semiconductor package, if you're looking for the next Silicon Valley, the Silicon Desert looks more like an early real estate opportunity than the Silicon Hills.
I don't think California has much to worry about, everything that makes the state great: It's natural environment, weather, colleges, parks, industry nexii, it's diverse culture, food, wine country, etc is still there. I know you desparately want to run with the conservative talking points on taxes and regulations, but CA's population growth issues have little to do with "high taxes" as many conservatives claim. Median CA household income is $57k, the State effective tax rate on that income is 3.7%, which puts CA in the middle of the pack when it comes to state tax burdens. CA only really takes a big bite of you if you make a lot of money, but as I've already explained, CA has net positive migration of high income earners, and net positive business migration/creation too.
The proposed semiconductor fabs seem legitimately crazy. It's a desert state with 87% of the desert in extreme drought. The state is already planning on needing "mitigation" water. Don't fabs need water? I recall reading something about tsmc and water usage.
First of all, the data actually shows that while 90-100k people moved from CA to TX every year since 2019, about 40-50k moved from TX to CA, and the demographics of the TX->CA move is higher income, educated earners, and the move from CA->TX is far less Silicon Valley elite, and far more from the central valley, and tends to be blue collar.
Growth follows an S-curve, and in every major successful city in the world, be it NY, London, Seoul, Shanghai, or Tokyo, eventually you run into a slowdown, as cost of living increases.
A contraction in CA's population won't be bad, because CA is still brain draining the rest of the country and still receiving a higher chunk of investment funds compared to other states.
https://www.jec.senate.gov/public/index.cfm/republicans/2019... https://www.statista.com/statistics/424167/venture-capital-i...
Reducing the burden of non-growth industries by sending them to TX along with blue collar workers, while taking the lions share of immigration of people with advanced degrees, as well as the lionshare of VC investment, seems like a good trade.
Honestly, Arizona is looking a lot better to me than Texas over the next decade. With 6 new state of the art semiconductor fabs under construction (2 TSMC, 2 Intel, 1 Samsung, 1 NXP) totalling $50 billion, another $100 billion in investment promised by TSMC, and the recently enacted $50 billion Senate semiconductor package, if you're looking for the next Silicon Valley, the Silicon Desert looks more like an early real estate opportunity than the Silicon Hills.
I don't think California has much to worry about, everything that makes the state great: It's natural environment, weather, colleges, parks, industry nexii, it's diverse culture, food, wine country, etc is still there. I know you desparately want to run with the conservative talking points on taxes and regulations, but CA's population growth issues have little to do with "high taxes" as many conservatives claim. Median CA household income is $57k, the State effective tax rate on that income is 3.7%, which puts CA in the middle of the pack when it comes to state tax burdens. CA only really takes a big bite of you if you make a lot of money, but as I've already explained, CA has net positive migration of high income earners, and net positive business migration/creation too.