> there is massive cost to moving for any company, especially one that is built on a highly specialized labor force that doesn't want to move.

California is banking way too hard on people who want to work for companies that do not want to pay them enough to live there, do not want to pay them to work remotely, actively campaign against building more housing, and actively support immigration policies that continue to push down the wages of these individuals as well as make this "specialized" labor force less "specialized."

You would assume that there's a limit to what both the workers and the businesses are willing to put up with.