The narrative of California residents and businesses fleeing the Golden State in large numbers, which had been debunked by more than one study since the start of the pandemic, now appears to be taking hold again with new research showing the state is 'hemorrhaging' residents to neighboring states.
The narrative of California residents and businesses fleeing the Golden State in large numbers, which had been debunked by more than one study since the start of the pandemic, now appears to be taking hold again with new research showing the state is 'hemorrhaging' residents to neighboring states.An October study from the Stanford Institute for Economic Policy Research shows California is losing population to states such as Arizona and Texas at higher levels than ever before.
California's cost of living is often cited as a reason for residents and businesses to move out, which the study said could have serious repercussions for the state's job market and fiscal outlook. California's environmental policies and mandates could also fuel the exodus to other states that have more lenient policies, the study said.
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