LA Times: Sky-high rents and home prices are making it hard for Southern California businesses to attract workers

LA Times: Sky-high rents and home prices are making it hard for Southern California businesses to attract workers
February 22, 2018 Joanna Rivas

Sky-high rents and home prices are making it hard for Southern California businesses to attract workersAce Clearwater Enterprises needs to hire four welders. The South Bay aerospace company could also use three more machinists, as well as four specialists who use 7-ton drop hammers to form metal parts for fighter jets. But filling those positions is tough. Many young Californians are going to college, not into manufacturing. Other potential hires have backed out because they live in the more affordable outskirts of the Southland and have no appetite for a grueling commute. And after many misses over the years, Ace has largely stopped flying in workers from out of state for an interview. The company is running up against what economists say is an ever-greater drag on the California economy: sky-high rents and home prices.

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