California Lutheran University economist Bill Watkins told the Senate, California's once-vigorous population growth has slowed to a crawl, the state's population is likely to begin dropping in the next couple of decades due to out-migration and a dropping birthrate, and it's mostly losing middle-class families "because of a lack of opportunity."
"We're losing the economic heart of our state," Watkins told the Senate from its podium in one of a series of lectures arranged by its leaders.
The result, Watkins continued, could be a state of mostly rich and poor residents in which "there is no middle class."
Source: Sacramento Bee. Read full article. (link)