From Reuters:
A surge in high-paying jobs has boosted California's economic output over the past two decades, but probably also exacerbated its poverty problem, according to a study published by the San Francisco Federal Reserve Bank on Monday. Economic growth in the Golden State from 1990 to 2011 outpaced job growth, University of California, Irvine professor David Neumark and PhD candidate Jennifer Muz showed in the study, published in the latest edition of the San Francisco Fed's Economic Letter. "Evidence suggests that the reason California has experienced faster economic growth than job growth is that employment has shifted to high-wage industries," the researchers found.

For the full story, please visit http://www.reuters.com/article/2013/04/15/usa-fed-california-idUSL2N0CZ2....

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