I think I know where the jobs will go. Beautiful scenery for high-tech workers won’t be so important (such as with biotech folks, today, on their hilltops in Sorrento Valley). Massive highway expansions (such as on 5 and 15) solely for buses and Priuses won’t be so important. Light rail to nowhere (the Red Line off of 8 and the line under construction along 76) won’t be so important. Lousy educational results despite $11K per student in Federal and state spending won’t be important.

Entrepreneurs will accelerate their movement, now underway, to sane cities such as Austin and sane regions like Florida, where taxes are relatively low because they don’t fund so many dumb programs. California is viewed as the land of flakes and nuts for some reason.

If San Diego County is losing folks, now (and it is, per the ’05 Census results); and is ground zero for one of the biggest housing bubbles in the nation; and the pain from the bubble bursting hasn’t yet begun; to me, it only makes sense that the outmigration to saner parts of the U.S. is only going to accelerate when the pain does begin.

I’m a CFO; I look to maintain and improve profitability in my business. One clear way to do such is to cut jobs in high priced CA and move to lower cost AZ, TX, or FL.