“Today, many jobs that used to be considered non-tradable services are now tradable services. Back-office accounting functions can be done anywhere, as can legal research or title research. Just about any job that is done at a computer is now a tradable service.
Unless they have a monopoly, tradable goods and tradable service providers face relentless price competition. California’s high-cost environment is forcing them to relocate to lower-cost communities to survive. Tradable producers won’t be providing 21st Century California jobs.”View Article