We have full employment almost, certainly no need for forced emigration, so things should be looking up.
But at the same time labour shortages are forcing the closing of businesses, the housing market is in a woeful state and is causing a real hopelessness. Covid is still a threat and cities are being hollowed out by remote working, with many people not having other social outlets in their lives becoming isolated.
While the strong economy should have people feeling more comfortable than they have for a while, that's not the case at all. Indeed with costs rising and housing still in a mess, I wouldn't be surprised if we have civil unrest quite soon.
I don't really remember a time like this before, when despite a really strong economy people are quite discontent and uncertain. SF will romp to victory in the next election as a result.