The minimum wage hike is about to smack Los Angeles' apparel industry businesses and jobs. The LA Times reports the 'Exodus has Begun'.

In Greece, 40% of companies say they want to leave the country.

Greek businesses complain of high taxation, stifling regulation, and legal uncertainty generated from the arrival of Syriza to power.

Let's compare the two setups.

Exodus California Style via LA Times

Los Angeles was once the epicenter of apparel manufacturing, attracting buyers from across the world to its clothing factories, sample rooms and design studios. But over the years, cheap overseas labor lured many apparel makers to outsource to foreign competitors in far-flung places such as China and Vietnam.