How to stay calm when Elon Musk says he’s leaving California — and other lessons from business relocations
How to stay calm when Elon Musk says he’s leaving California — and other lessons from business relocations
- October 9, 2024
- David Neumark, economics, CalMatters, Oct. 9, 2024
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“I agree California is a more onerous place to do business,” said David Neumark, a UC Irvine economics professor who has studied relocations. “But it’s not like we’re some basket case”. … Neumark and his fellow researchers found in 2007 that California did not lose a significant number of workers due to business relocations, only about 11,000 jobs a year out of more than 18 million jobs from 1992 to 2004. In the same period, total employment in the state rose by around 106,000 jobs per year, driven by the creation and expansion of new businesses, according to data presented in the paper.
For the full story, please visit https://calmatters.org/economy/2024/10/california-corporate-exits/.
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