People have been saying some version of this about California economic policies for as long as I can remember, but the state somehow manages to keep attracting

People have been saying some version of this about California economic policies for as long as I can remember, but the state somehow manages to keep attracting business and residents. First it was high taxes, then it was effectively banning non-competes, then it was raising minimum wages in major cities, now it's redefining contractor classification. I have to say that personally I don't see this going any differently than the previous times - businesses will continue to do just fine, some workers will get forced out of the state, others will take their places, and the net result will be a continuation of rising inequality [1], but not much else. [1] https://calmatters.org/california-divide/2019/10/income-inequality-is-on-the-rise-in-california-in-some-counties-the-disparities-are-extreme/ https://calmatters.org/california-divide/2019/10/income-ineq...