Mr Kotkin does a great job of describing the environment in CA right now.
I have friends there who are desperately trying to move out of the state. They are having trouble on two fronts: 1, their house is on the market for considerably less than they paid for it and they have no one interested in it. 2, Fear that a comparably paying job can't be found outside of CA. They're really stuck.
I go to business meetings in CA - mostly SF and SD - and the deterioration over twenty years is amazing.
That having been said, a lot of folks here say they can’t leave because their job in CA pays more than they can make elsewhere. If the state is destroying the economy, how can that be?