A follow-up to my previous status where I pointed out the negative correlation between increased regulation and employment. These are serious issues and they cannot be taken lightly or merely dismissed out of hand. Statistical data provides evidence for what many of us have been saying for a really long time: Government regulations hurts more often than it benefits. “In particular,” the group says, “even a small 5 percent reduction in the regulatory budget (about $2.8 billion) would result in about $75 billion in expanded private-sector GDP each year, with an increase in employment by 1.2 million jobs annually.” “On average,” the Phoenix Center says, “eliminating the job of a single regulator grows the American economy by $6.2 million and nearly 100 private sector jobs annually. Conversely, each million dollar increase in the regulatory budget costs the economy 420 private sector jobs.”
Posted on: Tue, 09 Jul 2013 02:28:30 +0000
Trending Topics
Recently Viewed Topics
© 2015