The underlying problem has to do with government regulations for the environment, the work place, and employees. The price of compliance is so high it makes more sense to get rid of the workers, to cut costs and reduce the potential for violations. For example, to accommodate women in the work place, there are behavior restrictions on males. Because boy will be boys, and there is a price to pay, which means you need to hire lawyers, instead of assemble line workers. You may also have to hire quotas, instead of the best people, or you may need to pay union wages instead of free market competition. There are also environmental and energy regulations, with the left wanting to add even more regulations, like carbon taxes.
The prospects for business is an ever increasing overhead as new and improved regulations take affect. It is no longer profitable to function in the US. For some companies there is the need to automate, before the left decides to regulate and define machine rights. I can see a time when the left will endows machines with a soul, so all the poor machines will need rights, such as oil breaks instead of coffee breaks.
And your credible evidence to support your assertions is where? It doesn't exist. There have been a few papers sponsored by the Kochs to make your argument but they all fail to pass muster.
When looking at regulations folks like you assume there is no value in regulation: only costs, and that simply isn't true. There is great value in establishing a regulatory platform. Producers don't have to reinvent the wheel every time the develop and bring something new to market. It also protects them from law suits.
So yeah, there are costs associated with regulation. But there also costs of failing to regulate, and the costs of failure to adequately regulate for the most part vastly exceed the cost of regulation, e.g. the housing financial crisis.
Trump is going to reduce regulations and excessive taxes, lowering business overhead. In turn, the difference will be mean more workers rehired and/or maintain longer. The cost of regulation for business in 2008 was about $1.75 trillion, which is about 25 million jobs at $50,000/year.
Again, what was the value of regulation in 2008? How much value did regulation create? It's kind of myopic to only look at the costs and not look at the value created, don't you think?
I think there is some value in not eating foods contaminated with heavy metals and drinking water and breathing air not contaminated with poisons. I think there is some value in a stable banking system whereby I don't have to worry about losing my money to a bank default. There is a great value in not having to recreate the wheel every time a manufacture brings a new product to market. But you and your ilk never look at that do you?
Well, we will see what Trump does or doesn't do. Trump is first and foremost a showman. He isn't a man of substance. And just what taxes do you think are excessive? You do understand we are presently running a deficit?
Reduced regulation will mean less people hired, not more. That's one of the reason the banking industry is so excited about less regulation: less labor cost and more profit. Unfortunately for you and your ilks, facts and reason do matter.
Demand for labor is determined by the demand for product and the technology used. It has nothing to do with regulation. If anything regulation increases demand for labor. It doesn't impede it. That demand for labor is what businesses complain about. You don't think through what you believe, and therefore you don't understand the contradictions in those beliefs.
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