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How Labor Regulation Harms Unskilled Workers..pdf

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Preview of How Labor Regulation Harms Unskilled Workers.

🔗 Source: object.cato.org

📊 Size: 355 KB

📄 Pages: 7 pages

⬇️ Downloads: 290

Summary

Economist Paul Krugman tweeted that regulation actually doesn't deter investment, but business owner Warren Meyer disagrees, citing personal experience. Meyer's company has exited certain businesses and locations due to changing regulations, and he believes labor regulation is shifting investment away from businesses that employ unskilled labor. Meyer employs 350 people in unskilled labor positions and has turned away customers and cut back on operations in states like California due to labor regulation. He argues that the loss of unskilled work removes the only route to prosperity for people unwilling, unable, or unsuited to college. Meyer surveys labor regulation in four categories: regulations that directly raise the price of labor, add risk to hiring workers, add fixed costs for employers, and limit business formation and growth. Examples of regulations that directly raise the price of labor include minimum wage laws, payroll taxes, workers' compensation, and the Patient Protection and Affordable Care Act (PPACA).

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Description

Economist Paul Krugman tweeted that regulation actually doesn't deter investment, but business owner Warren Meyer disagrees, citing personal experience.

Technical Information

File Format: PDF
File Size: 355 KB
Pages: 7
Language: EN
Total Downloads: 290
Last Updated: 2 months ago

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