California Is Losing Its Working Class Due to High Cost of Living

California Is Losing Its Working Class Due to High Cost of Living
A worker moves a piece of furniture into a truck while moving a family in Tiburon, Calif., on Aug. 3, 2010. Justin Sullivan/Getty Images
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The state of California has the largest economy in the nation. But despite its estimated $2.9 trillion gross domestic product, which is spearheaded by Hollywood, Silicon Valley, and agriculture, California saw record-low population growth in 2018.

At only 0.47 percent, the slowing growth rate is partially due to the large number of Californians leaving the state, according to experts. At the current rate, Calmatters reported, a large state like Texas would only reach California’s population levels in 2047.