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

Joel Kotkin & Marshall Toplansky
Joel Kotkin is the editor of and Presidential fellow in urban futures at Chapman University and Marshall Toplansky is the Clinical Assistant Professor of Management Science at Chapman University.

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 […]

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