Super Hero Justice League Team America.

[overachiever]

A Government that is totally clueless.

Job Growth That is Hurting The U.S. Economy

An article by John Merlene in this past Tuesday’s Investor’s Business Daily discusses the rapid growth in employment among federal government regulatory agencies in recent years.

The article says that while the U.S. private sector employment shrank 5.6%, federal regulatory agencies have seen their combined budgets grow a healthy 16%, and their employment rolls are up 13%.

What are all these new employees doing? The article says they have been churning out new rules. The Federal Register, a proxy of regulatory activity, saw its page number grow by 18% in 2010 alone. According to the article, 379 new rules were imposed last month alone…and another 4,200 are in the pipeline.

This is weighing heavily on the U.S. economy, and hurting its competitiveness. Business owners see an increasing regulatory burden as a deterrent to starting new businesses, expanding, and hiring employees.

The reality is that business owners and entrepreneurs have better chance to create long-term employment opportunities than does the government. However, apparently some in government have a different viewpoint. The article ends with a quote from an Environmental Protection Agency (EPA) document this past February stating that "in periods of high unemployment, an increase in labor demand due to regulation may have a stimulative effect that results in a net increase in overall employment."

A net increase in overall employment? Really?
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