General Economy


Prop 15 Analysis: Clarification

Beacon Economics takes great pride in both the quality and objectivity of its work and stands firmly behind the conclusions of its recent analysis of Proposition 15 ( The study looks at one portion of the overall debate on the Proposition, specifically, whether the passage of Prop 15 and the removal of Prop 13 protections on commercial real estate would

Read more


COVID-19 and the Creative Economy: Bruised, Not Broken

This article was co-authored by Practice Lead, Mazen Bou Zeineddine. It was originally published by the UC Riverside School of Business Center for Economic Forecasting and Development. The current public health crisis resulting from the novel coronavirus (COVID-19) pandemic has dealt a swift, heavy blow to the U.S. economy, and nowhere is this pain being felt more acutely than in the creative

Read more


The Job-pocalypse?

The April employment report was released this morning and the grim tidings it delivered, while anticipated, were still quite startling. The U.S. unemployment rate shot to 14.7%, over 11 percentage points higher than in February, even as the number of payroll jobs in the nation fell by over 20 million. Never has the United States experienced such a dramatic decline

Read more


The Expansion is Dead, Long Live the Expansion

As Beacon Economics has written in our published outlooks over the past six weeks, a true understanding of what is currently happening in the economy is limited given the delay in receiving relevant data, as well as the total lack of recent historical examples illustrating how pandemics impact economies. As such, any prediction of how the COVID-19 crisis will affect

Read more


Amazon Headquarters Sweepstakes is Bad for Cities

Co-Authored by Christopher Thornberg, PhD Editor’s Note: This article originally appeared on Zocalo Public Square on May 2, 2018. Envious of Silicon Valley’s success, more than 80 places throughout the world have renamed one of their neighborhoods “Silicon-something,” including “Silicon Beach” in Los Angeles, “Silicon Bayou” in New Orleans, and “Silicon Roundabout” in London, as if the very word works an

Read more


Immigration and Economic Growth

Our elected officials in Washington DC continue to struggle over the issue of immigration policy reform. The Trump administration has already made its views known, with its Muslim Ban, mixed signals on the DACA (Deferred Action for Childhood Arrivals) program, and more recently, its immigration reform proposal, a plan that reflects a much more restrictive stance toward immigrants than previous

Read more


California Growth and the Construction Paradox

It is often said that generals always fight the last war—and this applies to that still highly overused and abused political catch phrase “jobs, jobs, jobs.” Such rhetoric about creating new jobs continues to be attached to the rollout of almost any new government policy, regardless of the veracity or relevance of the claim. Times change, as do economic realities

Read more


Fix California’s Tax Structure To Help Solve Its Housing Shortage

For years, Proposition 13 (Prop 13) has been viewed as the third rail of California politics. While Prop 13 is responsible for capping annual property tax assessment increases at 2%, it also required that future tax increases face a two-thirds vote for passage, making it very difficult for elected officials to tinker with the tax code. In 2012, voters approved

Read more


Stop Dissin’ the Housing Market—Set it Free!

Editors Note: This posting was originally published on the Opinion Page of the Los Angeles Daily News. High housing costs continue to be at the center of policy debates in Los Angeles—and across much of the state. This intensifying focus is warranted now more than ever given how the crisis has moved from simply eating up the disposable income of residents

Read more


Trump on Trade… and the Consequences

President Donald Trump has promised to radically change the trade relationship between the United States and the rest of the world. He has already pulled the nation out of the Trans-Pacific Partnership (TPP), has promised to renegotiate the North American Free Trade Agreement (NAFTA), and intends to penalize China for unfair trade practices. President Trump argues that the United States

Read more