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Assorted YouTube videos, Why Companies Are Leaving California For Texas

Why Companies Are Leaving California For Texas

for as long as anybody can remember

california has ranked among the most

desirable places to live on earth

its majestic redwood forests world-class

education system

sandy beaches beautiful people and

global food scene have cemented its

status as a proven mecca for big money

and talent

but all that seems to be changing an

exodus of tech firms has recently

decided to up sticks from the golden

state

and make their homes in a very different

corner of the united states

so today we're looking into the burning

question why are companies moving from

california to texas

last year according to data from the u.s

census bureau

653 000 people decided they'd had enough

of california's glossy charms and opted

to set up home elsewhere

the most popular destination for these

relocators texas

internal migration trends like these are

always complicated

but it's worth noting that this texan

exodus has really picked up pace this

year with some very high profile people

and companies making their way out to

the lone star state

let's look at a few in july elon musk

announced that the biggest u.s tesla car

plant to date would be built on the

outskirts of austin texas

and that's no small thing representing a

1.1 billion investment in the region

not to mention the creation of around 5

000 high-skilled jobs

musk's personal residence is now

reportedly also in texas

as well as a new base for his drilling

operation the boring company

just established in flugerville part of

musk's reason to move there is no doubt

so he can be closer to his beloved

spacex base in boca chica south texas

that's where musk's starship rockets are

currently being developed and tweet

ready for a future mission to mars but

there's also significant push factors

actively driving musk away from

california back in may

musk had a very public bust up with

californian official lorena s gonzalez

after his fremont california tesla

factory was forced to close as part of

the state's efforts to tackle the spread

of coronavirus

musk was furious at the order to close

and issued a tweet saying his company

would be

filing a lawsuit against alameda county

immediately

the unelected and ignorant interim

health officer of alameda

is acting contrary to the governor the

president our constitutional freedoms

and just plain common sense

frankly this is the final straw tesla

will now move its hq

and future programs to texas nevada

immediately if we even retain fremont

manufacturing activity at all

it will be dependent on how tesla is

treated in the future tesla is the last

car maker left in ca

lorena gonzalez stated her position

succinctly

elon musk to which musk cooley replied

message received

but it isn't just hot-headed upstarts

ragequitting california lately

hewlett-packard enterprise the 21st

century iteration of the firm founded an

apollo alto garage by bill hewlett and

david peckhard in 1939

is also making tracks toward texas the

firm considered by many as the great

granddaddy of silicon valley tech giants

is building a state-of-the-art campus on

the outskirts of houston

a statement by hewlett-packard

enterprise hinted at the reasoning for

the move

saying houston is an attractive market

to recruit and retain future diverse

talent

similarly database software giant oracle

just announced it was moving its

headquarters to austin because

as a spokesperson put it we believe

these moves best position oracle for

growth

and provide our personnel with more

flexibility about where and how they

work

so what makes texas more attractive from

a staffing point of view

if you're currently yelling taxes at

your screen well you're halfway right

the corporate tax situation actually

isn't so different between the two

states

although president donald trump's

controversial slashing of the federal

corporate tax rate from 35 percent to 21

in 2017 definitely made state taxes more

of a priority for company bean counters

seeking to cut costs

experts believe that's not enough in

itself to encourage a wholesale move

however the tax situation for individual

workers is very different indeed

californian income taxes for high

earners work out at 13.3 percent

tax and income rates are rather more

let's say competitive at zero percent

that means an executive moving from

california to texas will enjoy a

substantial instant pay rise

and they can do a lot more with that

money california and especially the big

tech hub cities like san francisco and

palo alto

suffer from exorbitant property prices

in houston

a well-paid tech worker can afford a

much larger house and a better overall

quality of life with it even culturally

texas isn't so different from california

although texas is famously conservative

and defiantly red state in its outlook

places like austin with its healthy 47

rate of degree educated workers

and hip cultural happenings like the

annual south by south west festival

increasingly give groovy kelly a run for

its money podcast host joe rogan who

famously smoked weed on screen with elon

musk is also making the move

rogan reportedly just bought a 14

million mansion on lake austin with

eight bedrooms and 10 bathrooms

hot on the heels of his unprecedented

100 million deal with spotify

more important than taxes and culture

however the biggest driving force behind

the current exodus has been the

coronavirus pandemic

a study from leading corporate

consultants gartner found that around

three quarters of chief financial

officers anticipate ever more employees

would work from home permanently

after this year proved that this was not

only feasible but even desirable in many

cases

if that's true of companies in general

it's especially true for tech firms

and naturally if you're working from

home why would you go to the expense and

hassle of living in a big city

when you could enjoy a much larger

property somewhere out in the

countryside

california's regulatory framework is

also cited as a factor in companies

seeking to shift operations to more

lasse fair texas

deep blue cali critics argue abuse it as

legal and legislative muscle to bully

corporate decision makers

whether or not you think elon musk was

right to keep his factory open during a

pandemic

it's easy to see why corporate bosses

look at plans to for instance

cap executive pay relative to frontline

workers with a fair dollop of skepticism

musk has isilly suggested californian

leaders have much in common with an

arrogant sports team

after decades unchallenged at the

leading edge of the tech sector

if a team has been winning for too long

they do tend to get a little complacent

said musk

they're a little entitled and then they

don't win the championship anymore

musk also spoke scathingly of

california's oppressive regulatory

regime in language designed to cut to

the very heart of what makes the state

so special

you have a forest of redwoods and the

little trees can't grow

however it's plain to see that the big

well-established california star wars

like google

facebook and apple with its shiny new

four billion dollar headquarters

aren't going anywhere for now and so

however many fresh-faced upstarts like

vape manufacturer joule drag their

operations out to texas

it seems the cali tech dream won't be

going up in smoke anytime soon

[Music]

Why Companies Are Leaving California For Texas ||||||テキサス |||saindo||| Warum Unternehmen aus Kalifornien nach Texas abwandern Por qué las empresas se van de California a Texas Pourquoi les entreprises quittent la Californie pour le Texas Perché le aziende lasciano la California per il Texas 企業がカリフォルニアからテキサスに移りつつある理由 기업들이 캘리포니아를 떠나 텍사스로 떠나는 이유 Kodėl įmonės palieka Kaliforniją ir persikelia į Teksasą Waarom bedrijven Californië verlaten voor Texas Dlaczego firmy opuszczają Kalifornię na rzecz Teksasu Porque é que as empresas estão a trocar a Califórnia pelo Texas Почему компании уходят из Калифорнии в Техас Şirketler Neden Kaliforniya'yı Teksas İçin Terk Ediyor? 为什么公司离开加州前往德克萨斯州為什麼公司離開加州前往德克薩斯州

for as long as anybody can remember |尽||||| ||||qualquer um|| ||很長時間|||| desde que alguém se lembra

california has ranked among the most ||排名|||最 ||ランク付けされた||| ||classificado|entre|| ||排名||| a califórnia está entre os países mais

desirable places to live on earth 理想居住地|||||地球住みたい||||| desejáveis||||| lugares desejáveis para viver na terra

its majestic redwood forests world-class |壯麗的|紅木林||| |장엄한|||| |壮大な|レッドウッドの森||| |majestosas|sequoia|florestas de sequoias|do mundo| ||секвойя||| as suas majestosas florestas de sequóias de classe mundial

education system

sandy beaches beautiful people and 沙灘|沙灘||| |해변||| 砂浜の|||| areias|praias||| пісочні|||| praias de areia, pessoas bonitas e 沙灘、美麗的人們和

global food scene have cemented its ||美食界||鞏固了| ||グルメ界||定着させた| cena global||cenário global alimentar||solidificado| global do sector alimentar cimentaram a sua 全球美食場景已經鞏固了它的

status as a proven mecca for big money |||comprovada|meca|||dinheiro 地位|||公認的|聖地||| ||||메카||| ||||圣地||| ||||мекка||| |||実証された|||| status as a proven mecca for big money estatuto de meca comprovada para grandes fortunas 地位，作為大金錢的證明聖地

and talent |才華

but all that seems to be changing an |mas tudo isso parece estar mudando||parece|||mudando|um mas tudo isso parece estar a mudar e

exodus of tech firms has recently 科技公司外流|||科技公司|| 탈출||||| 流出||||| êxodo||êxodo|empresas||recentemente вихід||||| O êxodo das empresas tecnológicas

decided to up sticks from the golden |||搬家||| decidiu|para|mudar-se|mudar-se||| decidiram abandonar o ouro

state Estado

and make their homes in a very different ||suas||||| e fazem as suas casas num ambiente muito diferente

corner of the united states canto|||| canto dos estados unidos

so today we're looking into the burning ||||||燃燒的それでは||||||燃え上がる então||estamos|olhando|sobre||candente por isso, hoje estamos a analisar o incêndio

question why are companies moving from ||||mudando-se| pergunta por que razão as empresas estão a mudar de

california to texas |até|

last year according to data from the u.s ||de acordo com||dados||||

census bureau 人口普查局|普查局 인구 조사|청 censo|órgão 普查|

653 000 people decided they'd had enough ||que tinham||suficiente

of california's glossy charms and opted ||shiny and attractive||| das|da Califórnia|brilhantes|encantos|| |加利福尼亚的|光鮮亮麗|加州的魅力||選擇了 ||빛나는|||선택했다 ||光辉的||| |Каліфорнії|||| ||光沢のある|||

to set up home elsewhere |estabelecer|||em outro lugar

the most popular destination for these

internal migration trends like these are interna|migração interna|tendências|||

always complicated

but it's worth noting that this texan |||指摘する|||テキサス人 ||vale a pena|mas vale ressaltar que este texano|||texano

exodus has really picked up pace this êxodo||realmente|a saída realmente acelerou o ritmo||ritmo|

year with some very high profile people ||||ano com algumas pessoas muito famosas||

and companies making their way out to

the lone star state |single|| |solitário||

let's look at a few in july elon musk ||||||||머스크 |vamos olhar|||alguns||julho|elon|musk

announced that the biggest u.s tesla car 発表した||||||| anunciou||||||Tesla|

plant to date would be built on the planta||data|||||

outskirts of austin texas edge of Austin||| arredores||arredores de Austin, Texas| ||奥斯丁|德克萨斯 오스틴 텍사스의 변두리||| ||奥斯丁| околиці||| オースティン郊外|||

and that's no small thing representing a |||||representando|

1.1 billion investment in the region

not to mention the creation of around 5

000 high-skilled jobs |кваліфікованих|

musk's personal residence is now ||住所|| Маска|||| residência pessoal de||residência pessoal||

reportedly also in texas 전해진 바에 따르면||| 報告によると||| segundo relatos|||

as well as a new base for his drilling ||||||||borehole creation ||||||||perfuração

operation the boring company ||지루한| operação||a empresa de perfuração|

just established in flugerville part of |||Pflugerville area established|| |||recém-estabelecida na parte de Flugerville|| |建立||弗卢吉维尔|| |||플루게르빌|| |||弗卢吉维尔|| |||Флугервіль|| |||フラグerville|| 剛在弗魯吉維爾建立的部分

musk's reason to move there is no doubt a razão de Musk||||||| 馬斯克搬到那裡的原因毫無疑問

so he can be closer to his beloved |||||||amada 所以他可以更靠近他心愛的人

spacex base in boca chica south texas |||博卡|奇卡|| |||博卡|奇卡|| スペースX|||||| spacex|||boca chica|chica|| SpaceX||||||

that's where musk's starship rockets are |||飞船|| |||космічний корабель|| |||naves espaciais|foguetes|

currently being developed and tweet ||||推文 atualmente||||atualmente em desenvolvimento e tweet ||||推文

ready for a future mission to mars but ||||||Marte|

there's also significant push factors |||fatores de pressão|

actively driving musk away from ||麝香|| |||afastando Musk|

california back in may Califórnia|||

musk had a very public bust up with |||||失败|| |||||musk teve uma briga muito pública com|| |||||失败||

californian official lorena s gonzalez 加利福尼亚的||洛雷娜||冈萨雷斯 каліфорнійський||лорена||Гонсалес californiana|oficial|Lorena S Gonzalez||gonzalez ||洛雷娜||

after his fremont california tesla ||弗里蒙特|| ||depois de sua Tesla na Califórnia|| ||フリーモント|| ||Фремонт|| ||弗里蒙特||

factory was forced to close as part of

the state's efforts to tackle the spread |州的||||| ||esforços||combater||

of coronavirus |コロナウイルス |do coronavírus

musk was furious at the order to close ||怒っていた|||||

and issued a tweet saying his company |e emitiu um tweet dizendo que sua empresa||um tweet|||

would be

filing a lawsuit against alameda county ||诉讼||阿拉梅达| ||||阿拉梅达| entrando com uma ação contra o condado de Alameda||entrando com um processo contra o condado de Alameda||condado de Alameda|condado подання||||| ||||アラメダ|

immediately

the unelected and ignorant interim ||||临时 ||||temporary placeholder leader ||||暫定 |não eleitos||ignorante interino|interino ||||перехідний

health officer of alameda

is acting contrary to the governor the |||||o governador|

president our constitutional freedoms ||憲法上の| |||liberdades constitucionais

and just plain common sense e||||

frankly this is the final straw tesla |||||last chance| |||||最後の straw| francamente|||||gota d'água|

will now move its hq ||||总部 ||||штаб-квартиру

and future programs to texas nevada |||||Невада |||||Nevada

immediately if we even retain fremont |||||프리몬트 すぐに||||| |||até|mantemos Fremont|

manufacturing activity at all

it will be dependent on how tesla is

treated in the future tesla is the last tratado|||||||

car maker left in ca fabricante de carros deixou na Califórnia||||

lorena gonzalez stated her position

succinctly sucinctement de forma sucinta 简洁地 간결하게 简洁地簡潔に

elon musk to which musk cooley replied |||||enthusiastically| |||||Cooley de Musk| |||||库利| |||||库利| |||||Кулі| |||||クーリー|

message received

but it isn't just hot-headed upstarts ||||火|头脑发热的|小年轻 ||||||ambitious newcomers ||||||молодчики ||||||novatos impulsivos 但這不僅僅是衝動的新人

ragequitting california lately Leaving angrily|| sair com raiva||ultimamente 愤怒退出|| 愤怒退出|| рагіквітинг|| レイジクイッティング|| 最近在加州暴怒退出

hewlett-packard enterprise the 21st |惠普||| ||empresa|| |Пакард||| 惠普企業 21世紀

century iteration of the firm founded an |迭代||||| |ітерація||||| centésima|iteração||||| |の繰り返し||||| 世紀に設立された。

apollo alto garage by bill hewlett and |阿尔托||||惠普| |||||Hewlett| ||гараж|||| |alto garage||||| アポロ・アルト・ガレージ（ビル・ヒューレット著）と

is also making tracks toward texas the

firm considered by many as the great

granddaddy of silicon valley tech giants 硅谷||硅||| дедушка||||| vovô|||||

is building a state-of-the-art campus on |||||||кампус|

the outskirts of houston |periferia||Houston

a statement by hewlett-packard uma||||

enterprise hinted at the reasoning for |sugeriu|||raciocínio|

the move

saying houston is an attractive market

to recruit and retain future diverse 招募|||||

talent

similarly database software giant oracle ||||Oracle ||||oracle de banco de dados ||||オラクル

just announced it was moving its

headquarters to austin because sede|||

as a spokesperson put it we believe ||スポークスパーソン|||| ||porta-voz||||

these moves best position oracle for

growth

and provide our personnel with more |||人员|| |||pessoal||

flexibility about where and how they

work

so what makes texas more attractive from

a staffing point of view |人力资源||| do ponto de vista de contratação|perspectiva de pessoal|||

if you're currently yelling taxes at |||喊|| |||shouting about taxes|| |||кричиш|| ||atualmente|gritando impostos|impostos|

your screen well you're halfway right ||||na metade|

the corporate tax situation actually |корпоративний|||

isn't so different between the two

states

although president donald trump's embora|||do presidente trump

controversial slashing of the federal |削减||| |significant reduction in||| 논란의|삭감||| |削減||| |corte polêmico|||

corporate tax rate from 35 percent to 21

in 2017 definitely made state taxes more

of a priority for company bean counters |||||accountants| ||||||controladores financeiros |||||豆|会计 ||||||회계사 ||||||会计 |||||бін| ||優先事項|||豆| 對於公司財務人員的優先考量

seeking to cut costs buscando||| 尋求削減成本

experts believe that's not enough in 專家認為這在...還不夠

itself to encourage a wholesale move ||||批发| ||||massive or large-scale| ||||оптовий| ||||de forma geral| ||||大规模|

however the tax situation for individual

workers is very different indeed ||||de fato

californian income taxes for high |renda|||

earners work out at 13.3 percent 收入者|||| заробітчани|||| os rendimentos|||| 収入者|||| 所得者は13.3

tax and income rates are rather more |||taxas||bastante|

let's say competitive at zero percent ||경쟁적인||| ゼロ％で競争力があるとしよう

that means an executive moving from |||役員||

california to texas will enjoy a

substantial instant pay rise 可观的||| 상당한||| 大幅な||| |||aumento salarial 可观的|||

and they can do a lot more with that

money california and especially the big dinheiro da Califórnia e especialmente o grande|||||

tech hub cities like san francisco and |centro tecnológico|||||

palo alto alto pole|

suffer from exorbitant property prices ||过高的|| ||过高的|| ||екстравагантних|| sofrer com||exorbitantes preços imobiliários|| ||法外な||

in houston

a well-paid tech worker can afford a ||||||pode pagar|

much larger house and a better overall ||房子|||| ||||||geralmente melhor

quality of life with it even culturally

texas isn't so different from california Texas|||||

although texas is famously conservative embora|||notoriamente|

and defiantly red state in its outlook |公然地||||| ||||||perspectiva |挑戦的に||||| |незалежно||||| |公然地|||||

places like austin with its healthy 47

rate of degree educated workers |||受过教育的| taxa||||

and hip cultural happenings like the |时髦|||| |||події|| |||eventos culturais|| |时髦||事件||

annual south by south west festival ||||oeste| サウス・バイ・サウス・ウエスト・フェスティバル

increasingly give groovy kelly a run for ||tough competition|||| cada vez mais||desafiadoramente|groovy kelly||| ||愉快的|||| 점점||그루비|||| |||凯莉||| ||крутий|||| ますます||グルーヴィー||||

its money podcast host joe rogan who |||||罗根| |||||Роган| ||||Joe Rogan|Joe Rogan|

famously smoked weed on screen with elon ||大麻|||| ||대마초|||| ||マリファナ|||| |курив|||||

musk is also making the move

rogan reportedly just bought a 14

million mansion on lake austin with |mansão||||

eight bedrooms and 10 bathrooms |卧室|| |спальні||ванних кімнат |quartos||banheiros

hot on the heels of his unprecedented ||||||前所未有 |||immediately following||| ||||||전례 없는 |||calcanhares|||sem precedentes

100 million deal with spotify |||Spotify |||Spotify |||Spotify

more important than taxes and culture |||impostos||

however the biggest driving force behind

the current exodus has been the |atual||||

coronavirus pandemic |pandemia

a study from leading corporate |||de destaque|

consultants gartner found that around |Gartner analysts found||| |Gartner Consulting||| |高德纳||| 顾问|高德纳||| консультанти|Гартнер||| コンサルタント||||

three quarters of chief financial |três quartos|||

officers anticipate ever more employees |예상하다|||

would work from home permanently

after this year proved that this was not

only feasible but even desirable in many |viável||||| |可行|||可取|| |가능한||||| |可行||||| |реальний||||| |実行可能|||||

cases

if that's true of companies in general

it's especially true for tech firms

and naturally if you're working from

home why would you go to the expense and

hassle of living in a big city les tracas|||||| 번거로움|||||| 面倒|||||| incômodo||||||

when you could enjoy a much larger

property somewhere out in the

countryside campo rural

california's regulatory framework is |监管||

also cited as a factor in companies |提到||||| |цитував||||| |citado|||||

seeking to shift operations to more 寻求||||| buscando||mudar|||

lasse fair texas Lasse|justa| 拉塞|| |페어| 拉塞|| Лассе|| ラッセ|| lasse fair texas 自由放任德州

deep blue cali critics argue abuse it as 深||cali||||| ||cali|критики||зловживати|| ||cali profundo||||| 深藍加州批評家爭論將其濫用為

legal and legislative muscle to bully ||立法||| |||||intimidate or coerce ||立法の||| ||legislativa|||intimidar 法律和立法力量來欺凌

corporate decision makers ||tomadores de decisão

whether or not you think elon musk was

right to keep his factory open during a

pandemic pandemia

it's easy to see why corporate bosses ||||||босів

look at plans to for instance

cap executive pay relative to frontline |||||一线 |||||一线 |||||передовій remuneração executiva em relação à linha de frente|remunerar executivos||||linha de frente |||||最前線

workers with a fair dollop of skepticism ||||generous amount of||doubt or caution |||uma boa dose|uma boa dose||ceticismo |带着|||一丝|| |||공정한||| ||||一丝|| ||||доля||

musk has isilly suggested californian ||absurdly|| ||é tolo|| ||非常愚蠢|| ||非常|| ||і|| ||イシリー||

leaders have much in common with an

arrogant sports team

after decades unchallenged at the ||毫无挑战|| ||безсумнівно|| ||sem contestação|| ||毫无挑战||

leading edge of the tech sector

if a team has been winning for too long

they do tend to get a little complacent 他们||倾向|||||自满 |||||||自满 |||||||самовдоволені ||tendem|||||satisfeitos consigo mesmos |||||||自己満足する

said musk

they're a little entitled and then they ||有点|||| |||um pouco exigentes|||

don't win the championship anymore |||冠军|

musk also spoke scathingly of |||avec mépris| |||harshly| ||falou|com severidade| |||尖刻地| |||尖刻地| |||зневажливо| |||辛辣に|

regime in language designed to cut to 制度||||||

the very heart of what makes the state

so special

you have a forest of redwoods and the |||||红杉|| |||||tall, ancient trees|| |||||секвойї|| |||||sequoias vermelhas||

little trees can't grow

however it's plain to see that the big 然而||||||| ||명백하다||||| no entanto||claro|||||

well-established california star wars

like google

facebook and apple with its shiny new |||||brilhante nova|

four billion dollar headquarters |||main office complex |||sede administrativa

aren't going anywhere for now and so

however many fresh-faced upstarts like ||||novos arrivistas|

vape manufacturer joule drag their E-cigarette||company name|| vape fabricante||Joule|arrasta| 电子烟|制造商|Joule|| 전자담배|||| 电子烟||焦耳|| вейп||Joule||

operations out to texas

it seems the cali tech dream won't be

going up in smoke anytime soon ||||很快|

[Music]