Monday, June 23, 2008
California unemployment
The LAT reported last Friday that unemployment in California hit 6.8 percent in May, mostly because of unemployed residential and commercial construction workers. It sounds right but one point is missing. That's the aversion of California's legislators to businesses. They make it hard for successful businesses to remain in California. Many of those businesses move out of state and hire workers in Nevada, Utah or Arizona instead of Californians, contributing to unemployment in California and to reduced state tax collections, which of course increases the deficit. California's legislators ought to be kind to businesses, purely as a matter of self-interest.
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