At the end of May, the Public Policy Institute of California (www.ppic.org) sent out a release detailing recent findings on a potentially dramatic impact on the California economy. For the full release, click here. What is alarming to the state is that there are now less college educated workers moving INTO California and those who already live here are not graduating in sufficient numbers to keep up with work demand. An overall shortage of college educated workers in California means potentially higher wages for those who will choose to live and work here. Part of the challenge is the soaring increase in cost of living. Home purchases are not affordable, traffic is really horrific in the major metropolitan areas, gas prices are high. Sunshine just ain’t cutting it anymore.
This is the start of a geographic shift in our own country (a few weeks ago I wrote about the massive Chinese migration happening across that great geography) and I also suspect, strong opportunities for the hoards of 50 plussers, who have the skill sets, are prepared to stay where their roots are, and are willing to work.
Keep your eyes on California. All trends start on the West Coast. If California need can help drive employment for the 50 plusser, then we will see that sweep across the country…from the West, through the Center of our country (which needs the most help right now) all the way to the Eastern shores.
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