Orange County Business Journal, July 24th, 2006
Study: High-Paying Industries See Employment Losses, Too
It's a double dose of had news for California's economy.
A recent think tank study found that all of the state's major industries have suffered some net job loss from business relocations. But the effect is most pronounced in industries that pay higher wages.
The findings by the San Francisco-based Public Policy Institute of California, which studied business relocations into and out of the state from 1992 to 2003, counters the notion that lower-wage jobs are most at risk of leaving.
Most losses were found to have occurred in finance...
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