Have you heard? Boeing Co. is leaving Los Angeles for Oklahoma City. With its move, the city of Long Beach will be losing nearly 800 jobs.
We’re not surprised if you haven’t heard a thing about the move, little attention is paid these days to manufacturing jobs in Southern California, which has increasingly become a service industry focused economy.
Like so many other manufacturing giants, it appears that Boeing has seen the writing on the wall, and it says that it is impossible to lower operating costs in California. With the state’s economy showing little meaningful improvement, the loss of eight hundred more paychecks does not bode well for local unemployment numbers.
Boeing’s exit will also have a chilling ripple effect on the other businesses that depend on it for their livelihood, and the families whose mortgage payments, rents, car loans, and other expenditures are tied to money generated by Boeing being located here,
We don’t recall hearing that any sizeable effort was made by either county or Long Beach authorities to try to keep Boeing from relocating. Unless the County of Los Angeles and the cities within it start to seriously try to retain what is left of a once sizeable manufacturing base, we will continue to lose well paying jobs for our residents.
So, if we do not intend to remain in a permanent recession, it is time to start working on a plan to make Los Angeles County a more attractive place to do business.Posted - Copyright © 2022 Eastern Group Publications, Inc.