3 ms·
I'd guess it will have the opposite effect as companies have one less big reason to avoid CA.
by ballenf 2y ago
I'd guess it will have the opposite effect as companies have one less big reason to avoid CA.
- benced 2y agoThe reason no non-competes has helped CA is increasing startup formation. California has shown over the last 30-50 years that startup formation > attracting legacy businesses for growth. Unless that changes, California becoming less differentiated for startup formation but getting more legacy businesses is a bad trade for California.
- Gibbon1 2y agoOne of the biggest issues I have with economists theory of comparative advantage is it ignores the self sustaining ecosystem aspects of economics. Some places if you need someone to do specialized thing X you can just walk down the street. Most places you'll need to find someone willing to move and and take a big hit on his career options. So that deep bench of skilled labor and business resources is a big deal.