If California is an economic powerhouse, then where are the jobs?

It’s a new year, a time for resolutions and fresh starts. Of course, only 9 percent of people who declare New year’s resolutions ultimately fulfill them. Most will give up before January ends. Such a dour outlook is a bit of a wet blanket, but it is apropos for California’s economic prospects in the coming year.

Our political leaders optimistically crow about the state’s future. Gov. Gavin Newsom calls the state “an economic powerhouse.” From Biotech Beach in San Diego to Silicon Valley in San Jose...