The Sacramento Bee and others have written about recent statistics showing that California’s economy grew faster than the country in 2012. They have also pointed out that the state’s manufacturing gdp numbers had an eight percent boom in 2012. That is very good news!
We hope the trend continues because we have a lot of lost ground to make up. California manufacturing has recovered much slower than the U.S. We’ve seen only five percent manufacturing GSP growth since 2010 while the country enjoyed a robust 21 percent growth. High-wage manufacturing jobs have grown by only a half percent versus the country’s 4.4 percent boom in that time period.
We can pop the champagne cork over the good news in 2012 and take action to make sure we have a repeat performance in 2013 and beyond. Make California a competitive place for manufacturers to operate and invest for the long term.
