Despite trillions of dollars in fiscal and monetary stimulus aimed at boosting employment and economic growth, America’s weak labor market persists.
The numbers are grim: 10.5 million Americans are unemployed, and labor force participation is near 35-year lows. Meanwhile, the Obama administration has overseen 157 major new regulations, which have cost Americans $73 billion annually.
Rather than throw more money and more government at the problem, House conservatives have proposed the JOBS Act, which Heritage Foundation expert Rachel Greszler says would “boost economic growth and employment by freeing up the labor market, reducing unnecessary and harmful regulations, and unleashing federal lands for productive use.”
She continues: Continue Reading »