BayTech Executive Director Dr. Seth Feldman talks with the Cato Institute on the topic of poverty and inequality in California.
How is it that a state like California, with pockets of vast wealth, solid economic growth, and an extensive social safety net, can nonetheless have the highest poverty rate in the nation?
For the past two and a half years, the Cato Institute’s Project on Poverty and Inequality in California has been asking this question and seeking ways in which California should reform its policies to help lift people out of poverty and to enable them to fully participate in the state’s economy.
Simply put, too many policies and regulations—at the state, county, and municipal levels—are regressive, trapping people in poverty and making it harder for them to climb the economic ladder.