By: Jane Wells
On: Wells Street
How will the likely ending of Roe v. Wade affect corporate relocation decisions? Companies have been leaving, too. Stanford’s Hoover Institution reports 265 businesses relocated their headquarters outside California from 2018 through the first half of last year, including Oracle, Schwab, and CBRE.
Most of those companies moved to Texas, where abortion is currently banned after about six weeks of pregnancy. Elon Musk moved Tesla’s headquarters to Texas, along with one of his other ventures, The Boring Company. Could SpaceX follow? One can only imagine what Twitter employees in San Francisco are thinking. “I’m not moving to Texas, especially not now.”
“The Roe decision will probably have more impact on highly educated white women than minorities,” says Joel Kotkin. “They [are] more likely to be able to afford living in some of the more expensive blue states.”
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