Commentary: New LAAreaChamber economic study puts it plainly: California’s competitive edge is declining 📝: DanCALmatters
A truck arrives to pick up a shipping container at the Port of Los Angeles, on Nov. 30, 2021. Photo by Damian Dovarganes, AP PhotoA new study analyzed California’s economic competitiveness compared to other states and found that its edge is now narrowing.
While California’s critics and defenders, both internal and external, cite isolated anecdotes and data points to bolster their arguments, there have been very few comprehensive and objective examinations of California’s strengths and weaknesses vis-à-vis its rivals.of California’s past, current and perhaps future economic standing, indirectly warning the state’s politicians that they should not take the state’s prosperity for granted because its rivals are gaining ground.
“We argue that California has been, and continues to be, the perennial winner in the overall competition that is the economic equivalent of an Olympic decathlon among the nation’s states,” the study declares. “However, other states have narrowed the gap or even captured top honors in an increasing number of event contests.”
In a statement, Maria Salinas, the Los Angeles chamber’s president, said: “We wanted to look at why California-based businesses continue to leave and whether the state was doing enough to stem the flow of business outbound migration.”Dan Walters brings his passion for government transparency to issues affecting Californians. Get a round-up of his columns.
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