When financial giant Lehman Brothers collapsed five years ago, the shake-up on Wall Street rattled homes out here, too. As we recover, a new UCLA Anderson Report tells the story of two Californias.
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One where the tech sector and other high-skilled jobs are driving growth, and another where people in manufacturing, construction, and other low-tech fields are still struggling to see that recovery.
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To dig deeper into how else California's economy changed we invited three economic and financial experts to help us understand how our state is doing.
Guests:
Raphael Bostic, professor of public policy at USC and a former assistant secretary at the US Department of Housing and Urban Development
Delia Fernandez, a certified financial planner and president of Fernandez Financial Advisory in Los Alamitos
Jordan Levine, director of economic research with Beacon Economics