California just became the 4th largest economy largely due to tech, and currently ranks 42nd among states in terms of job growth in Q1 2025. The Pop won't be a collapse of capital it'll be in continued decline for the 95% as tech oligarchs continue to facilitate the transfer of wealth to the very top.

[1]: https://www.mercurynews.com/2025/05/03/economy-jobs-layoff-w...