Friday, January 8, 2010

Government penalizes business for putting people to work

RealClearMarkets "To put it very simply, hiring is a cost born by investors and employers. And the problem with the latter in mind is that continued governmental efforts to drive non-market outcomes are reducing the amount of available capital for hires, all the while raising the cost of luring workers from the sidelines. Somewhat ironically, efforts to prop up the housing market with an eye on jobs are actually making job creation more difficult. To understand why, it has to be remembered that there are no jobs without capital. Simple as that."

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