3 ms·
I am mostly referring to the exodus of citizens who find California can no longer sustain them economically. As a result, they're moving in substantial proport
by jimmychoozyx 3y ago
I am mostly referring to the exodus of citizens who find California can no longer sustain them economically.
As a result, they're moving in substantial proportions to conservative states.
[1] https://en.wikipedia.org/wiki/California_exodus https://en.wikipedia.org/wiki/California_exodus
There has also been a significant exodus of businesses.
"An exodus of California businesses is gaining steam, with the number of departing establishments nearly doubling from 2012 to 2019"
[2] https://www.ocregister.com/2023/06/05/california-business-departures-rising-study-says https://www.ocregister.com/2023/06/05/california-business-de...
From [2] ( June 5, 2023 )
"Companies that have moved their U.S. headquarters out of state in recent years include Hewlett Packard Enterprise, Oracle, Charles Schwab, CBRE, Toyota and Tesla.
Nevada, Texas, Arizona, Oregon, Washington and Florida ranked as the top destinations for relocating California establishments, the data shows.
The findings resemble those in the Hoover Institution’s latest business exodus study, released last September. The Stanford University institution reported that at least 352 business moved their headquarters out of California from 2018 through 2021, including 11 Fortune 1,000 companies.
“Headquarter relocations are accelerating substantially, with no sign of reversing course,” the Hoover Institution report said. It blames the departures on a business environment “that ranks near the bottom of all U.S. states.”
"RELATED: Tesla’s Elon Musk follows 687,626 Californians who moved to Texas"
- bink 3y agoYour own links suggest that peak migration was in 2021, when California lost 360,000 people. That's less than 1% of the population. You're also ignoring the fact that Anchor Steam is owned by Sapporo and has been for the last 6 years. This isn't a decision being made by people working in the factory who are angry that they had to wear masks or upset about a rise in homelessness. Despite Musk's political nonsense claims about moving the Tesla HQ, he's still expanding the Fremont factory: https://www.tesla.com/fremont-factory https://www.tesla.com/fremont-factory The most common reason cited for normal companies to leave California is the cost of living, especially housing and labor costs. If the economy were collapsing those costs would be decreasing. California's GDP has also continued to rise, with only a brief blip at the beginning of 2020: https://www.statista.com/statistics/187834/gdp-of-the-us-federal-state-of-california-since-1997/ https://www.statista.com/statistics/187834/gdp-of-the-us-fed... California saw historic budget surpluses from 2021 to 2023: "As a result, in the last two years, the state saw historic budget surpluses—including $47 billion in 2021‑22 and $55 billion in 2022‑23. https://lao.ca.gov/Publications/Report/4687 https://lao.ca.gov/Publications/Report/4687