FRESNO, Calif. (KMJ) — The Golden State has long been an overall leader in job creation and business growth.
However, according to the U.S. Chamber of Commerce, California is losing its edge.
Back in the 70s, more than 3,000 new businesses were created for every 1 million residents.
Four decades later, that figure has fallen significantly.
The chamber blames strict labor regulations, such as mandated paid sick leave and an increased minimum wage, which it believes harm employers.
Meanwhile, supporters of the rules point to the continued growth in the tech industry, and say there’s always a trade-off between expansion and quality.
