I have run a medium sized U.S.manufacturing company for 20 years
and the jobs killer are listed in order:
1. Litigation.
Nothing like having your prototypes drawings and manufacturing
trade secrets stolen and sent to China while you are sued
for antitrust under the Sherman Act by the perpetrators
while the Lawyers milk you for millions.
Even better when you find out you were immune under
Noerr-Pennington doctrine
but the lawyers kept it going just to use your business
for an ATM.
Nothing like juggling 4 discrimination suits while the
state asks you for mountains of paperwork for a year
and a half. And of course the same old determination,
-Never Mind-.
Nothing like having a vendor destroy $35,000 worth of
your parts and sue you for the $2,000 bill.
Nothing like having a vendor not be able to ship your
order, cancel it have them acknowledge the cancellation
buy the parts elsewhere and have the vendor ship them to
you 8 months later.
After the parts are returned the vendor sues you for
them and claims under UCC the parts are custom when they
are not.
After fighting a year in court we decide the litigation
is to costly and decide to buy the $8,000 worth of parts
only to find out the vendor does not have them.
Never lost a single law suit. The lawyers just won bigger.
I could go on all night.
It's the lawyers.
Plus the crooks they work for.
2. Regulations.
Mountains of paperwork, surveys, reporting, environmental surveys, etc.
Every time the government comes up with a new law or program
you just know you and three other people are going
to be busy for a couple of months ( while not doing what you need to do).
Accountants, accountants and more accounts.
A good accountant is worth their weight in gold.
Most want you do all the work and then they kiss
the end product like they were the pope.
Never doing the do-diligence to verify the end product
is correct leaving you to hire another accountant to
correct it.
3.Personnel
A good employee is worth his weight in GOLD.
I have over a hundred of them.
Many have been with the company for 15+ years,
some since it's inception.
How do you tell a good employee?
Simple, they love their job so henceforth they are good
at it. Pay them well and you never find them on the job market.
However due to growth there aways the need for more.
I have learned one thing in 20 years.
A good person almost always has a job.
As for the new hires, 80% of the new hires can't or won't
do their job.
Most within 6 months are either interfering with,
gossiping about, and attacking the good employees (they have special radar and can pick them out in a NY minute).
50% of them turn to grand theft in 1 year less.
Then when terminated they sue the company.
Back to #1.
With all that when does one have the time to actually
do what they are in business for in the first place.
I could write a book.
In fact someday I will.
1. Stop the frivolous lawsuits.
2. Get rid of the ridiculous regulations.
3. Stop taxing business on their inventory's of raw materials and unfinished goods.
Lower the ridiculous tax rates and let the monies be used
for capital equipment and personnel.
4.Stop allowing China to rig their currency so that
Americans cannot compete.
I can take electronic equipment made in China and make
a bill of materials for millions of units and have the parts
and raw material's come to more than the Chinese retail it
for.
That's a free market?
America can win through automation and innovation.
So how does selling stuff make in China, help with any of that?