Economy
Agriculture is the primary industry in most of the Central Valley. A notable exception to the predominance of agriculture has been the Sacramento area, where the large and stable workforce of government employees helped steer the economy away from agriculture. Despite state hiring cutbacks and the closure of several military bases, Sacramento's economy has continued to expand and diversify and now more closely resembles that of the nearby San Francisco Bay Area. Primary sources of population growth are people migrating from the San Francisco Bay Area seeking lower housing costs, as well as immigration from Asia, Central America, Mexico, Ukraine and the rest of the former Soviet Union.
Read more about this topic: Central Valley (California)
Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)