That is the overwhelming sentiment we hear from commenters on our site and on our Facebook page. A confusion and feeling of betrayal that Washington, D.C. seems to throw up roadblocks to hiring. It’s also the specific language from a small business owner described in a Bloomberg article that lays out the real problems: uncertainty and regulatory threat to business. It begins:
The man in the aisle seat is trying to tell me why he refuses to hire anybody. His business is successful, he says, as the 737 cruises smoothly eastward. Demand for his product is up. But he still won’t hire.
“Because I don’t know how much it will cost,” he explains. “How can I hire new workers today, when I don’t know how much they will cost me tomorrow?”
He’s referring not to wages, but to regulation: He has no way of telling what new rules will go into effect when. His business, although it covers several states, operates on low margins. He can’t afford to take the chance of losing what little profit there is to the next round of regulatory changes. And so he’s hiring nobody until he has some certainty about cost.
Frankly, we’d love to rip the whole article but we’re believers in property rights so if you want to read the whole article — and we highly recommend you do — check it out here.