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California Companies May Bail Out of the State

Nearly 40 percent say they plan on moving jobs out of state.

March 4, 2004
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Nearly 40 percent of companies in California are planning to move jobs out of state, according to the California Business Roundtable.

The analysis was conducted by Bain & Company, a consulting firm. Companies interviewed ranged from small businesses to large corporations with as much as $90 billion in revenue.

Bain reports that 27 percent of California jobs are in "mobile sectors," such as software programming, that could be done elsewhere. California has already lost jobs in the movie business, with some jobs going to other states such as Texas, and other show-business jobs going to Canada and other countries.

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