California’s economy has been increasingly struggling over the past several years as regulations, high taxes and poor governance have dampened business opportunities and sent citizens running, according to experts who spoke to the Daily Caller News Foundation.
The unemployment rate in California jumped to 5.3% in February, the highest out of any state and Washington, D.C., according to the Bureau of Labor Statistics. California employs some of the strictest labor laws, regulatory regimes and tax burdens in the nation, which has increasingly stifled economic growth and led businesses and citizens to flee, experts explained.
