California named worst state for business in magazine survey (Salinas: sales, rent)

[BayAreaHillbilly]

Originally Posted by futbol

If we ever start to lose big tech companies like Intel and HP, it is over. They already have operations in other states, but their presence and economic contribution to California is enormous.

Realistically, both of those firms and the other major tech firms already have their masses out of CA or at very least are barely clinging in inland locations.

Sadly, freeware Dot Bomb 2.0, frankengenetics and Green scamware will never replace them.

[BayAreaHillbilly]

Originally Posted by nslander

They're just making the rounds again. The research has been around at least 60 years.

The Authoritarian Personality (Studies in Prejudice): Theodor W. Adorno, Else Frenkel-Brunswik, Daniel J. Levinson, R. Nevitt Sanford: 9780393311129: Amazon.com: Books

Polity is not a linear 2 dimensional spectrum it has at least 4 axes. Authoritarianism borders both Conservatism and Socialism (but not Libertarianism, its opposite political type).

[futbol]

Originally Posted by BayAreaHillbilly

Realistically, both of those firms and the other major tech firms already have their masses out of CA or at very least are barely clinging in inland locations.

Sadly, freeware Dot Bomb 2.0, frankengenetics and Green scamware will never replace them.

That's true. If it weren't for the huge tech talent pool in California I think they both would have left long ago. It's too hard to find some of those skills elsewhere.

High paying engineering and science jobs (like biotech) economically support a region. I read a government-supported article that said that for every ~$110k new biotech job, 2-3 other jobs (of various tiers) are created in a region. These high-salaried workers are going to be the ones paying the meaningful taxes.

[TimC2462]

The back and forth bickering from both sides with half-truths in this thread is a perfect example of what's wrong with California.

[Hwy phantom]

Looks like Capitol One is shipping jobs from Salinas to South Dakota.

SALINAS, Calif. -- The day following Capital One's purchase of the HSBC Salinas site, over 800 employees have been told they will lose their jobs by 2013.

This comes the same day as Capital One has opened a new credit card facility in Sioux Falls, South Dakota.

Capital One Announces Shutdown of Former HSBC Salinas Site - Central Coast News KION/KCBA

[nullgeo]

Originally Posted by Hwy phantom

Looks like Capitol One is shipping jobs from Salinas to South Dakota.

SALINAS, Calif. -- The day following Capital One's purchase of the HSBC Salinas site, over 800 employees have been told they will lose their jobs by 2013.

This comes the same day as Capital One has opened a new credit card facility in Sioux Falls, South Dakota.

Capital One Announces Shutdown of Former HSBC Salinas Site - Central Coast News KION/KCBA

Oh no! this spells the end: E N D.
And just after this happened: California to reap windfall from Mark Zuckerberg in Facebook IPO - latimes.com

Run to your local grocery (before it closes its doors for good, of course) and buy razor blades to slash your wrists and throat.

[Fontucky]

Originally Posted by Hwy phantom

Looks like Capitol One is shipping jobs from Salinas to South Dakota.

SALINAS, Calif. -- The day following Capital One's purchase of the HSBC Salinas site, over 800 employees have been told they will lose their jobs by 2013.

No, it looks as if 800 people are being terminated, if one can believe the article.

Naturally, this corporate takeover/consolidation and subsequent firings stuff happens ONLY in California.

[NewToCA]

Originally Posted by nullgeo

Oh no! this spells the end: E N D.
And just after this happened: California to reap windfall from Mark Zuckerberg in Facebook IPO - latimes.com

Run to your local grocery (before it closes its doors for good, of course) and buy razor blades to slash your wrists and throat.

I think you kind of missed the point here. The question would really be will Facebook have future expansion in California, or will it open up facilities/add staffing in other locations?

One has to do with existing businesses, the other has to do with new enterprises.

[Fontucky]

Fb already built a massive data center in Oregon.

[user_id]

Originally Posted by EscapeCalifornia

With almost 50% more people than the second largest state, I'd hope so.

And....what attracted all those people here? Opportunities.... If businesses weren't being formed, etc the state would be empty.

Anyhow, every year these rankings come out and every year, predictably, the more liberal states are ranked on the bottom despite being home to the largest economies in the nation. The only curious thing is that people still pay attention to them....