Comparing US State GDPs with countries.

[rocketpig]

Kasz216 said:

rocketpig said:

As long as California controls the tech industry, entertainment industry, and has copious amounts of farmland, their economy isn't going anywhere. Thinking that they're going to slide to a GDP comparable to second-rate nations is laughable.

Will two of those three still be around when the market crashes.  Tech and Hollywood are just there because they want to be... and because of prestige.  If the bills get too expensive... it wouldn't be too hard to move.

Industries don't move wholesale like that. There are too many benefits to being in a "culture" of like-minded companies. There is a trained talent pool from which to draw, vendors can quickly communicate and distribute one another's goods to each other, etc. etc. etc. The list goes on and on. It would take decades for a shift of that magnitude to occur and there are no signs of it happening.