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California Dreaming?: Demography, Inequality and Economic Growth in a Time of Crisis

California Dreaming?: Demography, Inequality and Economic Growth in a Time of Crisis. Manuel Pastor December 2008. La Conyuntura vs. the Long-run. We tend to think about short-term pressures and politics . . . La Conyuntura vs. the Long-run.

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California Dreaming?: Demography, Inequality and Economic Growth in a Time of Crisis

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  1. California Dreaming?: Demography, Inequality and Economic Growth in a Time of Crisis Manuel Pastor December 2008

  2. La Conyuntura vs. the Long-run • We tend to think about short-term pressures and politics . . .

  3. La Conyuntura vs. the Long-run • We tend to think about short-term pressures and politics . . .

  4. La Conyuntura vs. the Long-run • We tend to think about short-term pressures and politics . . . • . . . So we better look long-term as well. • If we do, three trends –demographic, distributional, economic – are rocking California, and set the stage for a new social contract

  5. Leading the U.S. in Demographic Change

  6. Immigration as a Factor

  7. Foreign Born Population by Census Tract

  8. California Looking Forward, 2000-2050

  9. California Looking Forward, 2000-2050

  10. The Future is Now . . .

  11. Our Common Future?

  12. California Also Leading in Inequality . . . • Considering the ratio of the top fifth of families to bottom fifth of families, we are the sixthmost unequal state • Considering the ratio of the top five percent of families to the bottom fifth of families, we are the eighthmost unequal state • And we are becoming more unequal faster than thirty-two other states.

  13. Race Matters

  14. It Isn’t Just Immigration

  15. Growth in Working Poor

  16. How Can We Narrow the Divide? • Insure sustainable economic growth • Provide education and training for workers of today and tomorrow • Create labor and community standards that set new floors

  17. Sustainable Economic Growth?

  18. Changing Returns to Education

  19. Changing Returns to Education

  20. Relative Education Levels in California

  21. Looking Forward Network engineer or programmer? Hmm . . .

  22. Can We Meet Our Challenges?

  23. Think About the Federal Agenda • This is a moment of unparalleled and fundamental change – role of government in market and the social balance of power • Everything should be framed in terms of investment impacts for the future and the role of equity and unions in sustaining the economy

  24. A New Story, A New Hope • Preparing for a new generation • Understanding and developing a new narrative that connects us

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