It comes down to competition and survival. This study only covers the past 3 1/2 years, but this started a long time ago.
https://www.linkedin.com/feed/news/texas-wins-in-california-exodus-5132372
https://www.hoover.org/sites/default/files/research/docs/21117-ohanian-vranich.pdf
https://www.thecentersquare.com/cal...cle_b0add24a-753b-11eb-97bc-5bb1b2df1e43.html
It’s not just businesses either. California’s population numbers decreased in 2020 - first time in recorded history, and enough to lose a congressional seat.
https://www.linkedin.com/feed/news/texas-wins-in-california-exodus-5132372
https://www.hoover.org/sites/default/files/research/docs/21117-ohanian-vranich.pdf
https://www.thecentersquare.com/cal...cle_b0add24a-753b-11eb-97bc-5bb1b2df1e43.html
It’s not just businesses either. California’s population numbers decreased in 2020 - first time in recorded history, and enough to lose a congressional seat.
Businesses Are Fleeing California Along With Its Residents, And President Biden Should Pay Attention
California has lost 265 business headquarters since 2018, and the pace of relocations appears to be accelerating.
www.forbes.com