SACRAMENTO — Fed-up Californians have been trading their cramped, pricey apartments for affordable living in cheaper states for decades. Now, California’s businesses are making similar calculations after a monthslong remote work experiment triggered by the pandemic.
Back-to-back moves of iconic Silicon Valley firms' headquarters to Texas are raising fresh concerns about California's standing in the innovation economy. Business leaders worry that the successful shift to remote work — and the ability of many jobs to be performed from anywhere — will drive yet more companies out of the notoriously high-cost state.
