Aassumption Unions are a major part of the answer as postulated above.
Reformation of the unions is a must if we are to survive economically. The protection of workers is a wonderful idea, but in its current format, it stifles the ability to be productive and most seem much more interested in lining their own pockets than taking care of their bosses (also known as their workers. In my opinion Unions have forgotten who they work for.). Costs soar and the ability to be competitive on an economic, global basis is compromised. Unions (in their current form) are a major reason while we don't produce stuff in the USA anymore. The idea of "it's not my job" is rampant in America and unions endorse and enforce this idea. I can recount hundreds of stories that revolve around inefficiency and days, weeks and months of lost productivity because "it's not my job" or worse, "I could solve this but can't because the union will fine me or worse if I do so".
Assumption Regulation of Indudtries is a major part of the answer as postulated.
Over regulation is a slippery slope as well. There may be a way to do it, equitably, but in my industry Oil and Gas, we are seeing a piece of the puzzle right now related to our dependence on foreign sources. Any of these regulations or actions that result in additional process time and costs, additional tax, fees, fines, etc, trickles directly to the end users (Companies don't absorb these hits. It is passed directly thru to you and me. If you can't compete economically with the foreign options for whatever reason, you are doomed to be dependent upon those you can't compete with, for your supply. This example will likely start another discussion altogether and that was not the idea. It should however, provoke some thought on how poorly thought out ideas can lead to "unintended consequences".
Anyone in the WH would and will have their hands full.
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If I was any better I'd have to be twins!
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