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When ypu srt up industries and donate technologies to foreign countries using cheap labor, don't be surprised at the consequence that you can't compete with what you have created.
I work with manufacturing companies around America. The California manufacturers I work with have the highest costs. Even with out of state freight charges it's much less expensive to deal with manufacturers from the south and the midwest.
I spoke with a relatively small manufacturer of stainless steel tanks today ($7 million/year in revenues). He's relocating from California to Nevada. His savings in workman's comp alone will be $400,000. He'll probably save that much in various taxes as well.
His story isn't unusual. The cost of doing business in the Golden State is so high that many companies have decided to cut their losses.