Relocating yourself out of your best workers

As the laggards of the mindless cost-cutting euphoria hasten to relocate their companies from higher cost states to lower cost states, they find that they leave their best workers and institutional knowledge behind.  Seduced by the song of lower labor costs, less taxes, and lighter regulations,  the last of the cost-chasing companies are falling over themselves to move from their traditional headquarters to the Midwest or Southeast.

These companies are finding that, along with a higher cost structure, they also leave behind their best workers and often decades of institutional learning, technique and culture.