How Regulations Are Cutting Your Family’s Salary

Craig Huey Economics Leave a Comment

You and your family are making less money…and some readers are unemployed or underemployed because of regulations.

It’s a hidden tax you don’t see… but you do pay – big!

Unnecessary regulations plague every business owner – and impact you.

Some 2,400 regulations are estimated to cost more than $790 billion.

It’s estimated 512 million hours are filling out mandatory forms and records…not to mention hiring specialists.

As a business owner I can tell you regulations cost my company over $200,000 a year, resulting in fewer employees and less salaries for my employers.

Sixty federal agencies, departments and commissions passed 3.415 new regulations last year.

In 2013, The Journal of Economic Growth published a study by two university professors showing “the average American household receives about $277,000 less annually than it would have gotten in the absence of six decades of accumulated regulations—a median household income of $330,000 instead of the $53,000 we get now.”

The regulations are killing job growth, economic expansion and salary increase. It’s time to do away with the job killing regulations.

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