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Texas

Texas. 2010 population: 25.1 million 2 nd largest state 695,622 km^2. Texas vs. California. Brenda Pejovich FMRS, Madrid 17th June 2013. California. 2010 population: 37.25 million 3 rd largest state 423,970 km^2. Similarities. Geographically, both are 1 of the 3 largest states

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Texas

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  1. Texas • 2010 population: 25.1 million • 2nd largest state • 695,622 km^2

  2. Texas vs. California • Brenda Pejovich • FMRS, Madrid • 17th June 2013

  3. California • 2010 population: 37.25 million • 3rd largest state • 423,970 km^2

  4. Similarities • Geographically, both are 1 of the 3 largest states • The most populous states • Ethnically diverse with Texas having the largest population of African Americans and Hispanics over 50% and California at 45% • Long coastlines • Border Mexico • Abundant natural resources

  5. 2000-2010: Population increased by 5 million 2010: Texas consumed 7.9% of income State and local government is 1/3 smaller than California Texas California • 2000-2010: Net total of 2 million Americans left California • 2010: California consumed 11.2 % of income • 4th highest tax rate

  6. Costs of California • Energy • Natural gas: high gas taxes combined with not allowing any new gas refineries → unnecessary transportation costs • Electricity: increased mandates for renewable energy → arbitrary requirements from solar, wind, or other sources, all more expensive than gas • Result: 88% higher industrial rate than Texas 10.8 cents per kilowatt hour vs. 5.73 cents

  7. Costs of California • Regulatory Compliance Costs • 2008: annual cost to small businesses was $134,122 • Restrictions on land use • 2012: cost of housing was 176.3% of the national average • 61% of added cost is due to restrictive land use regulations • High Fees: build on private property, greenhouse gas rules, access to water, and many more

  8. Costs of Living • 2012: California's cost of living index was 126% the US average or the 7th most expensive state • Bad public policy choices: high taxes, burdensome regulations, bad lawsuit climate • 2012: Texas's cost of living index was 92% of the US average or the 7th least expensive state

  9. Welfare and Poverty • About twice as many households in California receive government welfare compared to Texas • 1/3 of American welfare recipients live in California • California has the highest poverty rate: 23.5% • Texas's poverty rate was 16.5%

  10. Youth UnemploymentTexas California • 2012 unemployment rate for 16 to 19 year olds not in school 21.1% 34.6% • Unemployment rate for 20 to 24 year olds not in school 10.8% 15.9% • Overall unemployment rate 6.8% 10.5%

  11. Minimum Wage • California has a higher minimum wage than Texas, at $8.00 per hour compared to the national minimum and Texas's at $7.25 per hour • President Obama called for a higher national wage of $9.00 per hour, which would force Texas's minimum to raise • Thus, increasing unemployment in states with a low cost of living, i.e. Texas

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