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:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“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)