Is the California Dream Finished?

For all the persistent rhetoric from California’s leaders about this state being on the cutting edge of social and racial justice, the reality on the ground is far grimmer. Our new report on the state of California’s middle class shows a lurch toward a society in which power and money are increasingly concentrated and where upward mobility is constrained, amid shocking levels […]

Coronavirus and the future of living and working in America

By late spring, the most severe impacts from the coronavirus may be fading, but its impact on how we live and work will not go away. Indeed, many of the most relevant trends — including the rise of dispersed work and living arrangements — were already emerging even before the pandemic emerged. Ever since classical […]

California Can’t Afford To Be An Economic One-Trick Pony

For the past decade, the soaring stock prices and nosebleed valuations of Silicon Valley’s IPOs and unicorns has been a boon for California, helping create a record budget surplus of almost $22 billion. Yet this bonanza has occurred just as the state’s overall job creation, once among the country’s leaders, has slowed to a more […]