NYcarbineer
Diamond Member
It's a rightwing lie repeated again and again. Over-regulation is the great job killer.
The way it's propagandized by the Right, one would think all we need to do is roll back some regulation and millions of jobs would magically appear. The miracle cure.
Well, of course it's a lie. When rightwing lips are moving, that is of course a good bet.
Here are the real numbers from the Bureau of Labor Statistics:
Table 2. Reason for layoff: Extended mass layoff events, separations, and initial claimants for unemployment insurance, private nonfarm sector, selected quarters, 2010 and 2011
Here's a nice readable, comprehensible picture that tells the story:
As you see, over the last 3 years, about 3/10ths of 1 percent of layoffs were attributed to government regulation.
To put that into perspective, that means for every 300 workers laid off in the last 3 years, 1 was laid off because of regulations.
On the other hand, about 100 times as many layoffs were caused by lack of demand.
duh.
Just something more to keep in mind when you hear Republican snake oil salesmen running for president tell you that they have a miracle cure for the employment situation, in the form of de-regulation.
More here: PERRspectives: The Republican "Job-Killing Regulations" Myth Gets Demolished
The way it's propagandized by the Right, one would think all we need to do is roll back some regulation and millions of jobs would magically appear. The miracle cure.
Well, of course it's a lie. When rightwing lips are moving, that is of course a good bet.
Here are the real numbers from the Bureau of Labor Statistics:
Table 2. Reason for layoff: Extended mass layoff events, separations, and initial claimants for unemployment insurance, private nonfarm sector, selected quarters, 2010 and 2011
Here's a nice readable, comprehensible picture that tells the story:
As you see, over the last 3 years, about 3/10ths of 1 percent of layoffs were attributed to government regulation.
To put that into perspective, that means for every 300 workers laid off in the last 3 years, 1 was laid off because of regulations.
On the other hand, about 100 times as many layoffs were caused by lack of demand.
duh.
Just something more to keep in mind when you hear Republican snake oil salesmen running for president tell you that they have a miracle cure for the employment situation, in the form of de-regulation.
More here: PERRspectives: The Republican "Job-Killing Regulations" Myth Gets Demolished