I agree, the term 'Mass Exodus' is an attempt by media companies to grab headlines and drive ad dollars, nothing new there. I don't think it's a good idea to dismiss the current migration numbers out of the state though, which is evident thru many sources. Arguments made that people keep moving to the state and the population of CA keeps rising are irrelevant, we should really be looking at YoY population growth rates, which in CA has declined for a 3rd straight year which is not in line with other states in the country. People will continue to flock to California for several reasons some of which include; popularity, climate/environment, opportunity (both for career and higher education), liberal migration laws, etc. So yes, migration to the state will continue, presumably the majority of this will be migrants coming through our borders and foreigners from oversees seeking educational and financial opportunity. This is a fact that can be seen in the growing racial diversity of California, it statistically being the most racially diverse state in the country. Whether this is good or bad is an argument for another day. I think migration out of the state is coming from middle to low income, native Californians, who can no longer afford to live here and have been pushed out directly or indirectly through poor political policies, and that should be of concern.
California has some of the highest income and corporate taxes in the country (regardless of brackets), highest housing to income cost ratios, 13th worst K-12 education, worst homeless population in the country, and an over regulated political/legal environment to name a few
- The government continues to take our money and provide little in return, poor education, poor roads, traffic, and transport systems (high speed rail failure), failing social services (rampant homelessness), poor oversight (EDD Fraud). It seems like so much of our taxes go to waste.
- Exorbitant housing costs. This due to regulations and fees. Driven through excessive permitting requirements, impact fees, code requirements (solar, fire sprinklers, rain water harvesting, over-engineering), EIRs, etc. This both raises the cost to build and limits supply, driving up home prices.
- Poor public K-12 education systems. Failure by our government to make any real changes to raise educational levels.
- Homeless population skyrocketing driven recently by unprecedented lockdown restrictions, small business fees, taxes, and regulations make employment of others exceedingly expensive in turn raising prices and reducing the affordability of goods, minimum wage hikes business run towards automation and layoffs to stay afloat
There's no doubt about it California has one of the highest concentration of millionaires and high income earners in the country, plenty of families who can live comfortably in this state. And it's a place where investors can make significant earnings. But it seems ineffective and damaging policies have driven a growing income divide that is now one of the worst in the country.
How do we hang on to the middle and lower classes who play such an integral role in the economics of any state when they can move to states where there dollar goes farther? It'll be interesting to see how California rebounds from COVID, I don't know if everyone will flood back to this state like so many on this thread think. The ability to work from home is undoubtably increasing, disregarding COVID, remote work will continue to grow as businesses look to lower costs and software continues to improve. A lot of people will return to offices but not like it was pre-COVID. I think another factor is age demographics, with the largest age groups coming into their early to mid thirties looking to grow a family do other states make more sense financially. Sure California is fun while you're young and dumb and spending all your money instead of saving, what happens when that starts to change.
California will always be a powerhouse for what is has, culture, environment, climate, tech, Hollywood, agriculture, tourism, etc. but it will be interesting to see how the next decade will payout. As a lifelong Californian I thought I'd never leave but no doubt about it I've been considering leaving now more than ever before and I don't think I'm alone. Just my 2 cents.