When Will Californians Start Spending Again?

For Lower Income Residents, Consumer Confidence Continues to Slide

California isn’t just the world’s fifth largest economy—it’s also a global capital of consumer culture. And now its culture, and the everyday habits of its people, are being profoundly disrupted by the pandemic and its associated economic collapse. A sudden, sharp decline in consumer satisfaction has laid open the profound fragility of the California economy. How is COVID-19 changing the way Californians participate in the economy, particularly in the counties hit hardest by the pandemic? How can California bounce back from COVID? And what might Californians’ changing feelings about consumer …

California’s Powerful, but Obscure, Answer to the COVID Jobs Crisis | Zocalo Public Square • Arizona State University • Smithsonian

California’s Powerful, but Obscure, Answer to the COVID Jobs Crisis

You May Never Have Heard of Your Local Workforce Development Boards, but They Know How to Move the State Forward

We can bring jobs back to California, and we can do it right now. The latest employment numbers should provide the sense of urgency. An additional 287,354 new unemployment insurance …

Live on Twitter: Will Anyone Ever Be Able to Afford to Live in California? with Jerry Nickelsburg and Erika Aguilar | Zocalo Public Square • Arizona State University • Smithsonian

Will Anyone Ever Be Able to Afford to Live in California?

Housing Affordability Is a Long-Term Problem, but COVID Could Help Reset the Conversation

On June 24, the UCLA Anderson Forecast predicted a difficult economic future for California and reported that the U.S. economy is in a “Depression-like crisis.” What does this mean for …

Now Is the Time for California to Think Big, Again | Zocalo Public Square • Arizona State University • Smithsonian

Now Is the Time for California to Think Big, Again

Will the State Use This Moment to Be Ambitious—Or Shrink Back Into Its Old Habit of Budget Cuts?

Coronavirus is forcing Californians to isolate themselves. But it has brought us together in one big way: by fusing all of our biggest problems into one colossal crisis.

That crisis could …

The Bad News Behind California’s Good Times | Zocalo Public Square • Arizona State University • Smithsonian

The Bad News Behind California’s Good Times

Economic Busts Are Bad in the Golden State, but Booms Can Be Even Worse

Californians, being tougher than we look, have always found ways to survive our economic busts.

It’s the booms that bring us to our breaking point.

This essential truth is being missed in …

America Takes a Capitalist Licking and Keeps on Ticking

The U.S. Owes Its Prosperity, in Part, to Its Tolerance for Bad Times, Says The Economist’s Adrian Wooldridge

The United States enjoys a special place atop the global economic heap, driven in large by Americans’ willingness to embrace change—even when it hurts.

But the country’s remarkable run could be …