Report California’s Future Workforce: Will There Be Enough College Graduates? By Deborah Reed Dec 7, 2008 Over the past several decades, the demand in California for college-educated workers has grown. But the supply of college graduates has not kept pace with demand, and it appears that this “workforce skills gap” will not only continue but widen. This study examines the causes, magnitude, and likely consequences of the potential mismatch between the level of education the future population is likely to possess and the level of education demanded by the future economy. The author concludes that if current trends continue, California will experience a serious shortfall of college graduates by 2025, unable to meet its needs even through the migration of college graduates from other states.
Report Factors and Future Projections for K–12 Declining Enrollment By Julien Lafortune, Emmanuel Prunty Dec 11, 2023 Over the past five years, enrollment has fallen in nearly three-quarters of California school districts, and the trend is expected to continue into the next decade. Faster declines could bring pressure to close schools, along with concerns about the students and neighborhoods bearing the costs of downsizing.
press release Undocumented Immigration To State Fell Sharply In Early 1990s, Study Suggests Sep 24, 1996
blog post Housing Costs Have Californians Considering an Interstate Move By Dean Bonner Mar 27, 2023 More than four in ten Californians say that housing costs have made them seriously consider moving, and an overwhelming majority of this group say they would leave the state. The share of Californians considering a move out of the state has about doubled across all income and education groups since 2004.
Report Will California Run Out of College Graduates? By Hans Johnson, Sarah Bohn, Marisol Cuellar Mejia Oct 12, 2015 California’s higher education system is a critical driver of the state’s economic progress. As the state’s economy continues to change, will its workforce be ready for the jobs of tomorrow? This report updates and extends projections of California’s workforce skills through 2030, focusing on the supply and demand for workers with a bachelor’s degree. We find that the state will fall about 1.1 million college graduates short of economic demand if current trends persist—a problem we call the workforce skills gap. Even the arrival of highly educated workers from elsewhere is unlikely to be large enough to fill this gap. Today’s college graduates have better economic outcomes than those who do not hold a bachelor’s degree. Over time, college graduates have seen lower rates of unemployment and higher wages than other workers—even through the Great Recession—suggesting that college degrees have become increasingly valuable in California’s labor market. The future workforce skills gap looms large. But California and its higher education institutions can take several practical steps to close it. The core of a new plan for higher education should include increasing access to the state’s four-year institutions, improving college completion rates, expanding transfer pathways from community colleges, and being smart about aid programs.
Report High-Tech Start-Ups and Industry Dynamics in Silicon Valley By Junfu Zhang Jul 17, 2003 Silicon Valley's enterprising high-tech industries are driven by innovation, and each new wave of innovation is usually led by creative entrepreneurs starting new firms. However, after great economic success in the 1990s, Silicon Valley is now enduring a deep recession. To better understand the region's past successes and future prospects, the author examines business formation, growth, mortality, and migration in the valley during the 1990s, analyzing how the region's economy evolves and operates through these dynamic processes. He concludes by offering a number of specific recommendations for ensuring the vitality of the region.
