The Economic Policy Institute’s Larry Mishel takes apart all the myths that regulatory uncertainty is holding back a big crest of business investment and hiring. Unlike proponents of this bogus claim, Mishel uses facts and analysis to make his point.
“An examination of current economic trends, and especially what employers are doing in terms of hiring and investment, debunks this story about regulatory uncertainty as the cause of our dismal job growth. An examination of what employers and their economists are saying again and again in private surveys (cited later in this paper) makes it clear that what businesses actually identify as their primary set of challenges does not fit this story either. In other words, what the heavily politicized trade associations in Washington are saying does not correspond to the real challenges facing both large and small businesses, even as they themselves perceive them.”
