Orange County Register
By Adam B. Summers
May 29, 2016 [Excerpts]
"...In just the past seven years, approximately 9,000 businesses have decided to leave California or expand their operations out of state. Companies leaving California typically save between 20 percent and 35 percent of operating costs."
"Texas has been the biggest beneficiary of California’s business exodus...given that Texas has claimed the top spot in Chief Executive magazine’s “Best and Worst States for Business” survey of CEOs from across the country each of the 12 years it has been conducted, while California has ranked last every single year."
“With government driving up the cost of labor, it’s driving down the number of jobs,” CKE Restaurants CEO Andy Puzder told Business Insider in March. “You’re going to see automation not just in airports and grocery stores, but in restaurants...If you’re making labor more expensive, and automation less expensive – this is not rocket science."
"...The simple fact is that the state of California does not provide a business-friendly environment,” CEO Candida Aversenti said in a press release.
"The good news is that California’s business climate malady is reversible...Unfortunately, the Legislature does not appear intent on loosening the economic shackles it has placed on entrepreneurs and workers any time soon."