The wealthiest Californians are fleeing the state. Why that’s very bad news for the economy

Even though California has experienced lopsided out-migration for decades, the financial blow has been cushioned by the kinds of people moving into the state: The newcomers were generally better educated and earned more money than those who left.

Not now: That long-standing trend has reversed. New state-to-state migration data show that for the last several years, thousands more high-earning, well-educated workers have left California than have moved in.

Read more at the Los Angeles Times.