California's economy is in a shambles and its state government in deep financial distress. One reason, accordng to a Milken Institute study released yesterday by the California Manufacturers and Technology Association is that state policies have made California unfriendly to manufacturing. California is a major salt-producing state.
The report, Manufacturing Still Matters (Manufacturing 2.0) , says manufacturers are the "canary in a coal mine," indicative of basic problems requiring structural solutions. The problems include loss of manufacturing employment, loss of innovation, "an onerous regulatory climate and some of the highest taxes in the United States," and "a reputation for being a state that is unfriendly to business."
Recommendations include rebuilding the manufacturing sector as a foundation for renewed growth.
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