“Job-Killing Regulations” Myth Exploded In One Paragraph

November 14th, 2011at 05:46pm Posted by Eli

Can’t say it any better than this:

Whenever a firm lays off workers, the Bureau [of Labor Statistics] asks executives the biggest reason for the job cuts.

In 2010, 0.3 percent of the people who lost their jobs in layoffs were let go because of “government regulations/intervention.” By comparison, 25 percent were laid off because of a drop in business demand.

So if Republicans (and Democrats, for that matter) really want to do something about jobs, they should start putting some money in the hands of the people who are most likely to spend it (hint: not the rich).

Sadly, it also suggests that the leading cause of unemployment is… unemployment.

Entry Filed under: Corruption/Cronyism,Economy,Politics,Republicans,Unemployment


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