California’s anti-business policies under Governor Gavin Newsom have allegedly caused a mass exodus of companies, including Hollywood productions, to more business-friendly states like Texas and Nevada.
The state’s $20 minimum wage hike for fast food workers in April 2023 reportedly led to menu price increases, restaurant closures, and over 1,000 delivery drivers being fired by employers like Pizza Hut and Round Table Pizza.
California’s private sector jobs have drastically decreased while government jobs have skyrocketed, particularly in healthcare due to an aging population.
Unaffordable housing and extreme cost of living in California have resulted in employers struggling to fill entry-level jobs in retail, construction, and home care, despite wage growth.
Hollywood, a major industry in California, is reportedly experiencing a significant exodus due to high taxes and cost of living, particularly in Los Angeles.
The state’s high taxes and cost of living have allegedly led to a significant decline in private sector jobs and an increase in government jobs.
California’s deteriorating economic conditions, characterized by high taxes, rising living costs, and poor governance, are driving a significant exodus of businesses and residents seeking better opportunities elsewhere.
00:00 California’s worsening economic situation, driven by high costs and poor governance, is prompting businesses, including Hollywood studios, to relocate.
01:25 California has drastically changed since the ’80s and ’90s, becoming unrecognizable and unsafe, prompting many, including the speaker’s family, to leave for better opportunities elsewhere.
02:45 California faces a 30% drop in job openings and rising unemployment due to high taxes and living costs, prompting businesses to relocate to states like Nevada.
05:50 California faces a mass exodus of residents and companies due to high taxes, crime rates, and living costs.
07:36 California faces a job market crisis with a loss of 154,000 private sector jobs amid soaring living costs and real estate prices, prompting calls for economic reforms.
10:23 Hasbro may move to Boston for tax benefits as California’s high minimum wage and inflation lead to job cuts and increased automation.
12:08 California’s high costs and anti-business policies are prompting a mass exodus of companies and rising unemployment, threatening its entertainment industry dominance.
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