Having a large economy doesn’t matter if CA is unavailable

California Climb to the fourth largest economy in the world It marks a cornerstone and illustrates a paradox.

Nourished by innovation and ambition, we have squeezed the industries of the future and have accumulated extraordinary wealth. But for everyday Californians who maintain the lights in our leading world economy, this newly discovered fame contradicts their daily struggle to connect the edges.

The trophy we lift – surpass Japan in gross home product – is tainted by a tingling reception from the middle California face facing the rise dwellingHealth care and cost of food.

This paradox calls into question whether GDP is the best measure for financial success for state politicians. If we are first in homelessness and First in the price of everyday goodsIs there fourth place in GDP?

As the joyful and horn-tingling precipitates, this cornerstone is also a chance for state and local politicians to reflect on their economic priorities. For Gavard Gavin Newo“California is not just up to date with the world – we define the tempo,” but our pace doesn’t matter if GDP is the wrong race and we are the last in the accessibility, which is the most important for all who live here.

When we take into account the high and increasing costs of life, California is the 11th largest economyIt barely beats Italy and lags both France and the UK, where Costs for everyday goods are about one third or less than what they are in California, measured by the consumer prices index.

The price index helps us to understand the average price of everyday goods, such as milk, eggs, transport, healthcare and housing, for this community. Unlike GDP, it can measure inflation and decide how expensive it is to live in One Place over another. California has He has been led by the world in this erection measure since 1997When our price index exceeded that of the United States

Inflation resistance is not a statistical trend. It reflects structural pressure: the home market distorted by the limitations of supply and political inertia; labor, both irreplaceable and uncertain; and a tax regime that finances ambition while threatening the economic health of working families.

Read more: Californians: That’s why your home costs are so high

A healthy and just California economy must reconcile growth with management and dynamics with discipline. It’s not just about size. For the credit of Newsom, the administration issued his first of his kind. “State economic“Earlier this year with much less pomposity and circumstances than GDP announcement in April. This transformative plan focuses on the bottom up, regional economic planning to strengthen local economies and support communities to cope with the accessibility crisis.

Some may call this part ofAbundance program“But the leaders of California do not need to look at distant political commentators for the agenda. They should look at local organizations, such as Valley VisionFor example, only two miles from Capitol.

Created in the mid-1990s, decades before discussing the “plentiful program”, Valley Vision began helping the Sacramento region to deal with the economic disasters caused by the suspension of local military bases that provided 80,000 jobs to residents. Using the so -called triple -bottom approachThey called on businesses to work in sectors, governments, to view their borders, and to think outside their postal codes in the interest of the wider region.

The result is that today, while we are still struggling with accessibility, the local Sacramento economy is more diverse, sustainable and has the building blocks needed to provide future prosperity for all its inhabitants.

That is, if policy creators can reach consensus and deal with consumer costs.

California must reconcile the gap between its image as a land of opportunities and the living experience of those who are from this dream. Otherwise, our most global economic climbs do not mark the beginning of a new era, but the high watermark of an unstable model.