Thanks to Statists, California's Businesses Continue Disappearing

Every now and then, one state governor or another will head to California to pitch businesses on leaving the Golden State. Canada’s immigration chief has been trying his luck, too. The coaxing usually provokes some pundits to bash the state’s high taxes and others to reassure middle-class Californians that employers aren’t planning on jumping ship before the state drifts off into the Pacific Ocean.

Thanks to Statists, California's Businesses Continue Disappearing 0703-sb-california-630x420

Thanks to Statists, California's Businesses Continue Disappearing 0703-sb-california-630x420

Much of the angst about California’s economy has been about jobs and whether employers are picking up stakes and heading for Texas. Bureau of Labor Statistics data compiled by Bloomberg News and published this week don’t answer the jobs question, but they do indicate that California is losing ground in a related category: the number of business establishments.

There were 1.3 million businesses in California at the end of 2012, 5.2 percent fewer than in the previous year (that’s about 73,000 fewer). To put that in perspective, Massachusetts lost 5,200 businesses, the second-highest amount, and Kansas had 3.1 percent fewer businesses in 2012 than in 2011, the second-highest loss rate. Nebraska added businesses at 11.9 percent, the fastest rate. Because BLS releases the data on a lag, the end of 2012 is the latest date for which numbers are available.

More: http://www.businessweek.com/articles/2013-07-03/why-are-californias-businesses-disappearing#r=read

Thanks to Statists, California's Businesses Continue Disappearing

Thanks to Statists, California's Businesses Continue Disappearing

Anarcho-Capitalist Categorical Imperatives

AnCaps' Laissez-faire Free Trade Zone