Even though right now California’s economy is thriving, caution must be employed. According to Governor Jerry Brown, there is likely to be “an inevitable downturn” of which his Sacramento successor must be aware. At the recent Stanford Institute for Economic Policy Research forum held last week, he warned:
“Don’t be too exuberant. Get everybody ready. The economy is a cycle, and right now we’re at the peak. But you can’t be at the peak forever.”
There has been much change in California in Brown’s time of serving (he served twice in the 1970s and 80s and twice in this decade), with a population expansion today reaching 40 million. That of course will heavily impact the region, most particularly in housing and environment.
In other words with more people comes a change in the way we live, Brown said at the forum entitled What’s Next for California.