California's boom in high-wage jobs, such as those in the tech sector, has shoved housing prices skyward and threatens to squeeze low- and middle-income wage earners out of the Golden State, a report released Wednesday warned.
California boasts some of the highest wages and fastest rates of job growth in the nation but high housing costs are pushing many people out of the state, according to a trio of reports released Wednesday.
Builders have said for years that Sacramento and California as a whole weren’t building enough new housing to meet demand. A new report released Thursday is now saying the same thing — and warns of consequences for the state's economy if things don't change.
California, long derided as a state with an unfriendly business climate, is getting better in some respects, according to a new survey by the non-partisan group Next 10.
