Articles
Are Wages Keeping Pace?
[Subscription Required] The short answer is no. The problem, however, is inflation, not asset values.
October 29, 2026
Published May 23, 2022
California’s strict regulatory environment, punitive legal climate, and high tax rates are causing businesses and residents to leave the state at an unprecedented rate. This exodus is negatively affecting California residents and communities. Until the state changes its tune, it will continue to lose jobs, tax revenue, and people.
Discussion Questions:
- How are local communities affected when businesses leave a state?
- What kinds of policies make it easier to conduct business in a state?
Additional Resources:
- Read “Why Company Headquarters Are Leaving California in Unprecedented Numbers,” by Lee Ohanian and Joseph Vranich. Available here.
- Read “Texas or Bust,” by Lee Ohanian. Available here.
- Read “Does California Need 770 New Laws? No. Will Any Move the Needle on What Needs Fixing? No.” by Lee Ohanian. Available here.
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