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+---- Thread: California losing another really big one ! (/thread-809487.html)
California losing another really big one ! - tigertom - 02-17-2017 04:00 PM
http://www.investors.com/politics/commentary/another-big-company-departs-california-will-last-one-to-leave-shut-the-lights/
This is getting serious for the left coast. Funny, they don't even remotely get it. As many companies have found, California is an awful place to do business.
RE: California losing another really big one ! - JMUDunk - 02-17-2017 04:11 PM
(02-17-2017 04:00 PM)tigertom Wrote: http://www.investors.com/politics/commentary/another-big-company-departs-california-will-last-one-to-leave-shut-the-lights/
This is getting serious for the left coast. Funny, they don't even remotely get it. As many companies have found, California is an awful place to do business.
Damn.
Might be as many as 10,000 businesses have left the State of Confusion since 2008. Holy crap.
RE: California losing another really big one ! - UofMstateU - 02-17-2017 04:22 PM
Its a big deal for many companies to pull up and ship off to another state, or in this case, to the other side of the continent. Its not an easy task. Its expensive. Therefore if its happening, its a really big deal.
RE: California losing another really big one ! - Redwingtom - 02-17-2017 04:23 PM
Pfft.
Quote:California is officially the 6th largest economy in the world.http://www.businessinsider.com/california-gdp-crushes-everyone-2016-6
The Bureau of Economic Analysis's latest data on state growth showed that the west coast state's economic output for 2015 came in at $2.46 trillion.
That number pushes California's economic output above that of France, which pumped out an estimated $2.422 trillion last year.
Somewhat notably, while France's population comes in around 66.48 million, California's is only about 39.14 million — which means that the US state produces slightly more than France with about 40% fewer people.
The only countries with higher GDP output than California now are the US as a whole, China, Japan, Germany, and the UK.
And as a side note, the BEA also estimated that California's economy grew by 5.7% in 2015 — the second highest growth rate in the US, just behind Oregon's 5.9%.
RE: California losing another really big one ! - Redwingtom - 02-17-2017 04:26 PM
Quote:California last year created the most jobs of any state, 483,000, more than the second- and third-most-populous states Florida and Texas combined (they added 257,900 and 175,700) and at a faster rate than any of the world's developed economies. The pace of employment growth was almost triple the rate of job creation for the 19 countries that make up the euro zone and more than 3.5 times that of Japan, according to data compiled by Bloomberg.https://www.bloomberg.com/view/articles/2016-06-06/california-makes-america-s-economy-great
RE: California losing another really big one ! - Hood-rich - 02-17-2017 04:26 PM
(02-17-2017 04:23 PM)Redwingtom Wrote: Pfft.
Quote:California is officially the 6th largest economy in the world.http://www.businessinsider.com/california-gdp-crushes-everyone-2016-6
The Bureau of Economic Analysis's latest data on state growth showed that the west coast state's economic output for 2015 came in at $2.46 trillion.
That number pushes California's economic output above that of France, which pumped out an estimated $2.422 trillion last year.
Somewhat notably, while France's population comes in around 66.48 million, California's is only about 39.14 million — which means that the US state produces slightly more than France with about 40% fewer people.
The only countries with higher GDP output than California now are the US as a whole, China, Japan, Germany, and the UK.
And as a side note, the BEA also estimated that California's economy grew by 5.7% in 2015 — the second highest growth rate in the US, just behind Oregon's 5.9%.
Good. They shouldn't have any problem sustaining themselves without the Federal Government.
RE: California losing another really big one ! - Fo Shizzle - 02-17-2017 05:09 PM
The California Air Resource Board is one of the most business unfriendly organizations ever conceived. The amount of money companies have spent to comply with CARB regulations would stagger the mind. Just our small company in NC spent 30K over 2 years to test our products and be in compliance. CARB is incredibly destructive to businesses world wide because of the large marketplace in California. CARB regs basically have become the de facto national regulations.
RE: California losing another really big one ! - tigertom - 02-17-2017 09:23 PM
Interesting takes.. Nestle' is moving.
CA should take care of itself. It's a mixed up place to be. I used to live there and it's a changed place today. I would NOT want to even think of returning there .
NEVER ! ! !
RE: California losing another really big one ! - 49RFootballNow - 02-18-2017 11:58 AM
More middle class jobs being forced out by government over regulation. The middle class Californians will follow those jobs out of state, being pushed on their way by one of the highest income tax rates in the nation. Are there enough billionaires and millionaires in Cali to keep up the millions of poor, because that will be the only two classes of people left in that state once the Commiecrats achieve their goal of cementing one party rule?
RE: California losing another really big one ! - EverRespect - 02-18-2017 12:31 PM
They have Hollywood, Silicon Valley, and San Diego with almost zero middle-class outside of military.
Sent from my DROID RAZR HD using Tapatalk
RE: California losing another really big one ! - Tom in Lazybrook - 02-18-2017 01:00 PM
(02-18-2017 12:31 PM)EverRespect Wrote: They have Hollywood, Silicon Valley, and San Diego with almost zero middle-class outside of military.
Sent from my DROID RAZR HD using Tapatalk
SD has a huge genetic/pharma industry.
Look, the OP is a commentary piece from a VERY hard right wing newssource.
California is doing just fine, economically. The problem they have is that so many people want to live there that real estate has become stoopid expensive. That's not a sign of an economy in distress.
So Nestle decided to move from one blue state to another. Big whoop.
RE: California losing another really big one ! - banker - 02-18-2017 03:37 PM
They have a $16 billion deficit, but they're doing fine.
RE: California losing another really big one ! - Tom in Lazybrook - 02-18-2017 03:45 PM
(02-18-2017 03:37 PM)banker Wrote: They have a $16 billion deficit, but they're doing fine.
That's not a huge problem for a state like California.
RE: California losing another really big one ! - nomad2u2001 - 02-18-2017 06:24 PM
Good for them, but I really dislike them as a company. Especially their dealings in water.
RE: California losing another really big one ! - banker - 02-19-2017 12:02 AM
(02-18-2017 03:45 PM)Tom in Lazybrook Wrote:(02-18-2017 03:37 PM)banker Wrote: They have a $16 billion deficit, but they're doing fine.
That's not a huge problem for a state like California.
You know, with an Internet connection it's really not that hard to educate yourself on a subject before commenting blindly.
http://www.sfchronicle.com/politics/article/California-s-400-billion-debt-worries-analysts-6812264.php