Friday, April 22, 2011

California Dreamin'—of Jobs in Texas : Hounded by taxes and regulations, employers in the once-Golden State are moving East.

The Wall Street Journal reports:
It wasn't your usual legislative hearing. A group of largely Republican California lawmakers and Democratic Lt. Gov. Gavin Newsom traveled here last week to hear from businesses that have left their state to set up shop in Texas.

"We came to learn why they would pick up their roots and move in order to grow their businesses," says GOP Assemblyman Dan Logue, who organized the trip. "Why does Chief Executive magazine rate California the worst state for job and business growth and Texas the best state?"

The contrast is undeniable. Texas has added 165,000 jobs during the last three years while California has lost 1.2 million. California's jobless rate is 12% compared to 8% in Texas.
As we've said before: some places want jobs, some don't. California is a very regressive place.