California Urbanizing as Suburban Nightmare Fades
- Although this article seems to blame "urbanization" and people's
choosing to live in cities as a factor in high unemployment in
California, a number of statements within the text show that in fact
it was a market distortion that cuased an unsustainable employment
bubble which the market is correcting as peopel choose to drive less
and live closer to wkr. As well as choose homes as places to live in
rather than as investments.
"About 2 million construction jobs are gone permanently because they
had been created by artificial demand."
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