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It's not fashionable to say, but what a beautiful example of the free market working. California has attracted high value businesses so it's worth more to opera
by Hondor 10y ago
It's not fashionable to say, but what a beautiful example of the free market working. California has attracted high value businesses so it's worth more to operate there. They're pushing out the low value ones because they can afford to and their place can be taken by programmers or something. Nevada wants all it can get so it welcomes low value businesses like clothes manufacturing. If they move, everyone wins.
That applies to the workers too. If California is growing too rich around them, they might be under-skilled for the local job market and have to move to Nevada for work. Again, Nevada benefits from more labor.
The downside is that people whose skills lock them into insecure industries like this also sometimes put down roots where they live and suffer more when they have to move. But at least they can see it coming. Raising the minimum wage is bound to cost some people their jobs. If it didn't, that would mean employers can actually afford to pay even more and it should be raised further.