Despite the rhetoric of this political season, there are signs that the people and the economy are adjusting to the new reality. Yesterday, I walked through Green Park, on Octivia and Hayes. It was an absolutely beautiful day and there were quite a few 20- and 30-somethings in there talking about moving to different cites, changing jobs, and readjusting expectations. There was the usual chatter and anxiety about picking up and moving, but the unemployment in the California economy is still stuck at above 12.0%, and who could blame them for thinking about moving.
The invisible hand is working just as it was discussed in Economics 101. The local supply of labor is decreasing, and reorganizing. Hopes have been dashed. Life goals have not been met. Somehow, the reality is much more painful and take much longer than just moving the curves around the chalkboard. The day, though, in Hayes Valley was perfect.