California Policy Model
11 Jan '18 00:10Looks like all those crazy progressive policies that wound lead to economic disaster, high unemployment and low (if any) growth, didn't work out that way:
Between 2011 and 2016, California enacted a set of 51 policy measures addressing workers’ rights, environmental issues, safety net programs, taxation, and infrastructure and housing. Critics predicted that these policies—collectively called “the California Policy Model” (CPM) in this paper—would reduce employment and slow economic growth, while supporters argued that they would raise wages for low-wage workers, increase access to health insurance, lower wage inequality, and reduce carbon emissions. This paper assesses some of these claims and prognoses, and finds that:
Employment and GDP growth were not adversely affected by the California Policy Model.
Wages for low-wage workers as well as overall health insurance rates statewide rose with the implementation of the California Policy Model.
Wage inequality declined modestly as the California Policy Model was enacted.
California was successful in putting the state on pace to meet its 2020 carbon emissions reduction goals.
Though California has begun to address these issues, enforcement of labor standards and a lack of affordable housing remain as challenges facing the state.
While there are methodological challenges inherent in this type of policy evaluation, the findings of this analysis suggest that the CPM was successful in meeting its goals for increased wage growth and health insurance access and decreases in carbon emissions and wage inequality, without reducing employment or impeding economic growth.
http://laborcenter.berkeley.edu/california-is-working/
The whole article is a nice read with a pretty chart comparing California's Total Employment, Private Sector Employment and State GDP growth from 2011-16 compared to those of Republican Controlled States during the same time period.(SPOILER ALERT: It's way better in all three).
Between 2011 and 2016, California enacted a set of 51 policy measures addressing workers’ rights, environmental issues, safety net programs, taxation, and infrastructure and housing. Critics predicted that these policies—collectively called “the California Policy Model” (CPM) in this paper—would reduce employment and slow economic growth, while supporters argued that they would raise wages for low-wage workers, increase access to health insurance, lower wage inequality, and reduce carbon emissions. This paper assesses some of these claims and prognoses, and finds that:
Employment and GDP growth were not adversely affected by the California Policy Model.
Wages for low-wage workers as well as overall health insurance rates statewide rose with the implementation of the California Policy Model.
Wage inequality declined modestly as the California Policy Model was enacted.
California was successful in putting the state on pace to meet its 2020 carbon emissions reduction goals.
Though California has begun to address these issues, enforcement of labor standards and a lack of affordable housing remain as challenges facing the state.
While there are methodological challenges inherent in this type of policy evaluation, the findings of this analysis suggest that the CPM was successful in meeting its goals for increased wage growth and health insurance access and decreases in carbon emissions and wage inequality, without reducing employment or impeding economic growth.
http://laborcenter.berkeley.edu/california-is-working/
The whole article is a nice read with a pretty chart comparing California's Total Employment, Private Sector Employment and State GDP growth from 2011-16 compared to those of Republican Controlled States during the same time period.(SPOILER ALERT: It's way better in all three).
