Um, so he admits the 2011 plan for economic recovery was his plan, and the result is a California with massive income inequality.
" When I was sworn in as Lieutenant Governor in January 2011, California was in the throes of the deepest recession in our lifetime. On day one, I got to work bringing together economists, business leaders, labor leaders and local officials resulting in “ California’s Economic Growth and Competitiveness Agenda” , the first statewide economic development plan in over a decade."
“But for too many, our economic recovery has become a spectator sport. California is both the richest and poorest state. Eight million Californians find themselves below the poverty line. Nearly two million children — one in five — live in poverty. We’re witnessing staggering levels of income and wealth inequality.”
“Consider this: In 1990, the revenues of Detroit’s Big Three automakers totaled $250 billion while employing 1.2 million people, according to a McKinsey Global Institute study. By comparison, Silicon Valley’s top three companies in 2014 had almost the same revenues before adjusting for inflation — $247 billion — but with 137,000 employees, they required a workforce just one-tenth the size.”
No wonder investors love tech and the employees can have such high pay.