Excerpts from recent Milken Institute report:
…While California has performed relatively well in retaining its highly skilled workers, this shouldn’t give the state license to sit back and relax, especially when competition for talent is increasingly fierce. …California’s share of high-tech employment has been declining for two decades…
The report concludes:
HIGHER EDUCATION: California excels in the quality and capacity of its higher education institutions. They serve as the cradle of home-grown human capital and are key to keeping the Golden State competitive. Unfortunately, California’s budget woes have led to tuition hikes and enrollment cuts. An economic turnaround will eventually recover lost jobs, but it is harder to recover a generation of lost human capital. As other regions intensify their recruiting efforts, it is more urgent than ever to continuously produce a home-grown talent pool.
Source: http://www.milkeninstitute.org/pdf/WhatBrainDrain.pdf
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