Save the children

California loses its young

In 1970, California averaged 21 seniors for every 100 working-age adults. By 2030, that ratio is expected to rise to 36 seniors per 100 working-age adults, according to the report. That retirement wave will place “massive pressure on institutions and programs for an aging population,” the report said.

Today’s children will be the workers who pay for those programs and who take jobs vacated by boomers in the state’s high-technology hub in Silicon Valley, its entertainment industry in Los Angeles and its farm belt in the Central Valley.

“Unless the birthrate picks up, we are going to need more immigrants. If neither happens, we are going to have less growth,” said Mr. Levy. The report wasn’t optimistic, saying that “with migration greatly reduced…outsiders are much less likely to come to the rescue.”

Investments in the state’s education system will be vital to meet labor-force needs and prevent the economy from contracting, said Mr. Levy. With less migration to the state, the skills and human capital necessary to keep California’s economy afloat will need to be homegrown, both Mr. Levy and Mr. Myers said.

Many of those future workers, however, will have grown up in poverty. More than 20% of children in California now live below the federal poverty level.

Somehow I don’t think this will end well.

 

6 Comments

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6 responses to “Save the children

  1. The higher they raise taxes, the more seniors will migrate to states with lower marginal state income tax rates and lower estate taxes. That should help some.

  2. Daniel

    What i am seeing here in Los Angeles are people aging in place. Those who bought in the 70’s and 80’s are protected by Prop 13. If that goes, the rush to the exits will be huge. And the last one out should turn off the lights. Math is hard for some people.

  3. Libertarian Advocate

    Somehow I don’t think this will end well.

    You should be awarded understatement of the year award for that one.

  4. Anonymous

    We California oldsters welcome these waves of immigrants, legal or otherwise. Believe it or not they contribute a lot of tax money to the state’s coffers, muchos dineros! Plus, they provide much needed cheap labor for us old fogies who just can’t handle some everyday tasks any more but don’t want to go into “assisted living.” These people are a godsend to us. Please don’t take them away!

  5. TheWizard

    Mr. Levy assumes more immigrants will contribute to the system as opposed to sucking off of it. I don’t share his confidence.

  6. Balzac

    Today’s news is that Texas has a multi-billion dollar surplus. Gee, let’s see: no state income tax, an all-Republican government (governor, senate and house), and yes, oil. Meanwhile the truly democratic states California, New York, Connecticut and especially Illinois have disastrous finances. This is despite their many advantages, which in California’s case include great weather, oil, a dynamic high-tech sector, and a huge economy. Don’t expect the silly media to draw the obvious conclusion here, that liberal modes of governance don’t work.

    Meanwhile, at the Federal level, the government continues to grow. By 2025, all federal revenue will be consumed by entitlements and interest, leaving none for infrastructure, the environment, defense or education. The government debt will soar past Greek levels to never-seen fairy-tale levels, as the world’s reserve currency goes bankrupt. Obama by then will be a professor in Illinois or Harvard, blaming Bush or the Republicans. And our media will remain intently focused on issues of marginal importance like gay marriage, and the current distraction, gun control. (By the way, despite the headlines, violence is decreasing, as Steven Pinker writes in his new book.)