Economics > Companies Leaving California
Owen blogs about companies leaving California, mostly due to excess regulation and expenses.
That could get nasty with the overheated real estate market in some parts of California. I knew someone who got burned in CA in the late '70s/early '80s. She and her husband divorced just after the market went sour and wound up losing money on their house.
LATER: Tyler Cowen Alex Tabarrok notes the situation in South Africa, which has vowed to keep wages high and to avoid being "the West's sweat shop." Thanks to wages that are five times higher than Indonesia, South Africa may not be a sweat shop, but they now have 40% unemployment.
Posted by lesjones