Tobin Harshaw, Columnist

California’s Economy Is Booming — at a High Price

The cost of living in Los Angeles can be brutal, no matter how good Gavin Newsom is at his job.

Ponying up at the pump.

Photographer: Mario Tama/Getty Images North America

This is Bloomberg Opinion Today, the core learning milestones of Bloomberg Opinion’s opinions. On Sundays, we look at the major themes of the week past and how they will define the week ahead. Sign up for the daily newsletter here.

As I may have mentioned once or twice, my daughter went to college in Los Angeles. She loved almost everything about it — her classes, her campus, her friends — but hated one thing: Los Angeles. There may have been more than a little bit of New York City-kid snobbery involved, but I saw her points: the low-rise mundanity, low-speed traffic, low-distance vision, low housing density that results in there being too many theres there. Also, as a member of the Class of Covid-19, she spent only four semesters on campus with actual real-live professors, while her loving family got to pay private-school tuition for all eight.