Gino DiCaro

CMTA President's statement to the media on the two-year anniversary of Senate Bill 899 and the results from the recent WCAN/CMTA survey on workers' comp reforms

By Gino DiCaro, VP, Communications

Capitol Update, April 18, 2006 Share this on FacebookTweet thisEmail this to a friend

    "Prior to the reforms, California had the highest workers’ compensation insurance rates in the nation. Without SB 899, a manufacturer’s ability to remain competitive was being threatened as well as the high-wage jobs they provide. Since the reforms, there has been an improvement in how employers perceive California's manufacturing investment climate and this should continue. The survey shows the reductions in workers' compensation rates and the positive economic impacts from the reforms passed two years ago by the California Legislature. However, we still have a long way to go because of overall manufacturing costs that average 24 percent higher than other states, electricity rates that are the highest in the country and a state tax burden that is one of the most expensive. The Legislature's commitment to fix the previously skyrocketing workers' compensation rates and the way in which this problem was solved should give us a working template to reduce more of California's cost burdens and keep us innovating, exporting, manufacturing and growing high-wage jobs."
View WCAN coalition release
Read more Workers' compensation articles

Capitol updates archive 989898989