Tue Feb 12, 2013, 07:00 AM
eridani (51,889 posts)
Another Study Confirms That Taxes And Regulations Aren’t Holding Back Job Creation
A favorite GOP talking point is that a slew of regulation and taxes are preventing employers from creating jobs, which explains the stubbornly high unemployment rate. “By pursuing a steady repeal of job-destroying regulations, we can help lift the cloud of uncertainty hanging over small and large employers alike, empowering them to hire more workers,” said House Majority Leader Eric Cantor (R-VA). “Business owners are reluctant to create jobs today if they’re going to need to pay more tomorrow to comply with onerous new regulations,” claimed Sen. Susan Collins (R-ME).
But a new study from the San Francisco Federal Reserve finds that this line of thinking is largely bunk:
Figure 3 shows there was almost no correlation between job growth in a state from 2008 to 2011 and the increase in the percentage of businesses citing regulation and taxes as their primary concern. In fact, if anything, the correlation is positive.
States in which businesses increasingly cited regulation and taxes experienced higher job growth, although this correlation is not statistically significant. The lack of correlation is not a matter of the timing we choose. For example, there also is no strong correlation if we examine the 2009–11 period or the 2010–11 period instead.
2 replies, 752 views
Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Another Study Confirms That Taxes And Regulations Aren’t Holding Back Job Creation (Original post)
Response to eridani (Original post)
Sun Feb 17, 2013, 03:38 AM
upi402 (16,854 posts)
2. We've seen how deregulation "works"
Like wiping your ass with a hook.
This is just more false ideology and the corporate media is used to dupe the good people.
They'll continue to eliminate liberal media as the chickens feel the heat of the fry pot that the good Colonel they voted for leads them to.