While California is the fifth-largest economy in the world, its days of being a business haven have long passed. More and more, companies big and small are forced to either shut down or move to a more business-friendly state. Take, for instance, the departure of Fortune 1000 companies like Tesla, Oracle, and Hewlett Packard Enterprise, or a recent survey of CEOs ranking California as the worst state in which to do business. Things have gotten so bad that even providers of critical municipal services have been forced to stop doing business in the state. And in Los Angeles, the city may soon become a giant Skid Row, a dumping ground in every way.
The Fall of California
As companies and individuals continue to relocate, California’s economic future becomes increasingly less certain.
