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California Jobs and Growth

Detailed report by Chamber of Commerce on the California economy and related policy areas including energy, education and regulation.

In looking at the course of California’s economy over the past two decades, it is important to
understand that economic change has been a feature of the state’s history since its beginnings. As
individual industries have grown, changed, and sometimes faded, the comparative advantages of the
state in the past have often meant the productive talent has stayed and created the next wave of
industries, often fueled further by the entrepreneurial skills of immigrants from other states and
other nations. The ability of the state to continue this growth dynamic, however, has been altered in
recent decades by government policies that have profoundly changed the underlying cost structure
and cost competitiveness of California as a job creator.

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