After almost 100 years, the State Compensation Insurance Fund is pulling 755 of its 830 jobs out of town, having determined that San Francisco is just too expensive - and its workforce too dumb - for the agency to continue doing most of its business here.
The high cost of Bay Area living is only part of the problem, Vargen said. The agency also seems to have trouble attracting qualified workers here.
"We have to do a lot more testing to get qualified candidates," Vargen said.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/12/12/BAP11GOD2Q.DTL#ixzz181QHfyBS
I've never heard of an agency leaving an area because it's workforce was too dumb. What are your thoughts?

