131–140 of 362 posts
- The article says that "millionaire flight" out of California is a myth. This is mostly true and a good point. - However, the article/research looks at outflow and doesn't find a trend but this is bad methodology. It looks like they are not factoring in the fact that less people are moving into California then had been previously even if the rate moving out isn't too different. It almost feels intentional given how…
"The thing I have noticed is when the anecdotes and the data disagree, the anecdotes are usually right. There's something wrong with the way you are measuring it." - Jeff Bezos This is a tricky article because I can tell it's using the term 'exodus' and 'myth' differently than I would. It's abundantly clear there is a lot of migration out of California. Just ask Texans, Coloradans, and Idahoans.
Going out on a limb here, but sfgate.com might have some bias. It's easy for data to be measured incorrectly when there is an incentive to getting it wrong.
"The thing I have noticed is when the anecdotes and the data disagree, the anecdotes are usually right. There's something wrong with the way you are measuring it." - Jeff Bezos This is a tricky article because I can tell it's using the term 'exodus' and 'myth' differently than I would. It's abundantly clear there is a lot of migration out of California. Just ask Texans, Coloradans, and Idahoans.
That Bezos quote is pretty dodgy, but to address your point: Ask anyone in Denver and they'll tell you there's a mass exodus out of Chicago. Or ask anyone in Miami and they'll tell you there's a mass exodus out of Philly. People move around. I think this is a similar phenomenon to buying a car and "seeing that car everywhere all of a sudden." It's all about perspective. In this sense, data is always better than anecd…
"The thing I have noticed is when the anecdotes and the data disagree, the anecdotes are usually right. There's something wrong with the way you are measuring it." - Jeff Bezos This is a tricky article because I can tell it's using the term 'exodus' and 'myth' differently than I would. It's abundantly clear there is a lot of migration out of California. Just ask Texans, Coloradans, and Idahoans.
In my current neighborhood there have been 7 families that moved in during the last 12 months. One (us) from Utah, one from Texas, and the other 5 were from California.
A "back of the napkin" calculation seems to indicate there is no mass exodus. On mobile, but here is the typical annual CA pop change stats for the past decade, give or take: --Incoming-- - 400K domestic immigrants[1] - 180-200K international immigrants[2] - 450K births[4] Subtotal: ~1.1M --Outgoing-- - 600K domestic emigrants[1] - 250K deaths[4] - ?? intl emigrants (anyone know?) Subtotal: ~850K Typical annual net c…
A "back of the napkin" calculation seems to indicate there is no mass exodus. On mobile, but here is the typical annual CA pop change stats for the past decade, give or take: --Incoming-- - 400K domestic immigrants[1] - 180-200K international immigrants[2] - 450K births[4] Subtotal: ~1.1M --Outgoing-- - 600K domestic emigrants[1] - 250K deaths[4] - ?? intl emigrants (anyone know?) Subtotal: ~850K Typical annual net c…
I’m skeptical about counting international immigrants here. International immigration is a function of a very specific thing, in California’s case a measure of H1-B sponsor companies. If Indians come to California so they can get an H-1B from Facebook, but their kids them move to Tennessee because of poor quality of life in California, then that’s consistent with the “exodus” theory in my opinion. I’m an immigrant fr…
Earlier quoted context omitted.
So Eureka Ca, which is in the middle of nowhere costs about the same as the suburbs of Raleigh NC. Raleigh has a mid level international airport with direct flights to Europe and other continents, has many other cities and great schools in it, and nearby (NC State, UNC Chapel Hill, Duke, etc), (the whole research triangle), etc... with plenty of job opportunities. What does Eureka have (appart for nice nature)? How m…
The people on the bottom 50% aren't taking international flights and proximity to international airport is honestly a worthless metric for 90% of the population. In fact 500,000 of them without health insurance are looking encouragingly at a possible medicaid expansion 11 years after the ACA passed.
CA is overpriced by a long shot
Earlier quoted context omitted.
I assume this is getting downvoted because of its tone, but the sentiment is correct. The statement is nonsense. There can be wisdom in attempting to understand why anecdotes disagree with data, but the vast majority of the time it is simply a combination of selection bias and the human tendency to want to believe things that support your own worldview.
> the vast majority of the time it is simply a combination of selection bias and the human tendency to want to believe things that support your own worldview Citation needed. Given Jeff Bezos success in growing a business from scratch, this is clearly one of his secrets and why "Are right, A Lot" is an Amazon leadership principle. I'm always surprised that people are so easy to dismiss insights from successful people…
You have been presented with a thesis that the California exodus is a myth. You have responded with a complete non sequitur quote from a mediocre man about trusting the anecdote vs the data asking us to forget or ignore in order the fact that the idea espoused by the quotation is nonsense, that Bezos wasn't registering an opinion on this topic, you are, and that you have made no argument whatsoever.
It is untenable to launder your opinion through a rich dudes mouth and then accuse skeptics of casual dismissal of insights from successful people when people are actually and in fact not dismissing Bezos they are registering their opinion on your comment here today.