PPIC Logo Independent, objective, nonpartisan research
Image for

PPIC Economic Policy Center

The PPIC Economic Policy Center inspires practical policy solutions that promote a robust, resilient economy, improving the prospects of workers, families, and businesses statewide.

Featured Blog Post · January 10, 2024

What’s in Store for California’s Economy?

Read More →

Fact Cards

Three-quarters of all California jobs are in firms that have operated for more than a decade.
California recovered jobs after the pandemic very quickly, at about twice the pace as after the Great Recession.
23% Share of California businesses owned by women.
Economy chart The majority of California workers earn less than $30 per hour.
About 7 in 10 Californians think that when today’s children grow up, they will be worse off financially than their parents.
The typical California worker is younger than a typical worker in the rest of the US.
At almost 12% of the workforce, self-employment is higher in California than in the US.
Most California businesses are small, and most Californians work for a small business.
Over a third of self-employed Californians are 55 and older.
Since 1980, income among top earners grew by 63%; among lowest earners, income grew by 7%.
76% Most poor families in California are working.
2% of California zip codes hold 20% of the state’s wealth.
Blacks and Latinos make up 44% of California’s population, but 56% of families at or below the 10th percentile.