Elon Musk is leaving the techs behind the Nestton Texas Abortion Act?

Concerns have been rising among tech companies in Texas over the departure of technology workers since the state government implemented a bill that effectively bans women from having abortions. Over the past few years, Texas has attracted companies trying to build new nests to avoid California's high taxes, but progressive entrepreneurs are reluctant to move to Texas due to a series of conservative measures such as restricting women's rights.

The Washington Post (WP) said on the 12th (local time), "Texas wanted to establish itself as an attractive haven for startups and tech companies, but businessmen are worried about job retention in Texas due to measures such as abortion laws and voting restrictions."

In fact, Oracle and Hewlett-Packard (HP) have moved their headquarters to Texas over the past few years, and Tesla CEO Elon Musk has also moved his address to Texas. In addition, big tech companies such as Facebook, Amazon, and Apple are increasing their production facilities by establishing new logistics warehouses or building data centers in Texas.

Companies have been paying attention to Texas because of its corporate-friendly environment. California, home to U.S. tech companies, is notorious for its high prices and income tax rates (up to 13.3%), while Texas has no personal income tax imposed by the state. Texas also ranked first in the "2021 Best and Worst States for Business" rankings released by the U.S. management magazine "Chief Executive Magazine" for 17 consecutive years.

In particular, according to the American Computer Technology Industry Association, 33,843 tech jobs were created in Texas last month, up 56 percent from a year ago. Samsung Electronics Co., the nation's leading company, is also considering building a second semiconductor plant in the U.S. in Taylor City, following Austin, Texas.

Date: 2021-09-01

Reporter: 서화목