I agree that a few headquarters moving doesn't prove California's economy is failing. California is too large and diverse for that. But saying "most companies stayed" doesn't prove governance is working either. The real question is whether state policies are making it easier or harder to do business and create jobs. We've seen refinery closures, manufacturing losses, store closures, companies shifting expansion to other states and businesses citing regulations, permitting delays, energy costs labor costs and taxes as reasons. Those are real jobs that disappear not just mailing addresses moving. A company doesn't have to leave California entirely for California to lose. If a business decides its next factory, refinery, warehouse or office goes to Texas, Nevada or Tennessee instead of California that's investment and future jobs that California never gets. The issue isn't whether California still has a huge economy. It does. The issue is whether state policies are helping or hurting future growth and affordability.
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