As I read this Professor Stephen L. Carter piece about the uncertainties of government regulation and its effects on businesses and hiring, the more I nodded my head in agreement. Everything I read reflects what I've heard from a number of business owners here in the Lakes Region of New Hampshire: Without knowing exactly what government is going to throw at us in the way of ever more overreaching (and expensive) regulations, there's no way we're going to hire anyone new. Period.
A lot of middling and small businesses have seen their margins shrink, leaving them very little in the way of wiggle room when new government regulations and requirements hit them. How is any business going to plan for the future when government “regulation” is now such a big unknown? With most of the new regulations having absolutely nothing to do with safety, environmental issues, or pay, but more often financial matters, all they do is add unneeded costs to businesses. Sometimes those new rules and regulations turn an otherwise profitable business into an unprofitable one, and when that happens far too many of them close.
All of these regulations do nothing but provide more employment for government workers, not workers actually producing goods and services our economy depends upon. How is this supposed to help our economic recovery?