Americans are known for their hardworking, innovative spirit. With a working population of over 161 million, the nation has the human capital necessary to create prosperity for everyone. However, restrictive labor regulations pose significant challenges. In addition to the overwhelming federal regulatory structure, each state has an average of 179 occupational barriers that restrict employment options.
A call for reversing this course is being made. Proponents argue that people are capable of making decisions about the types of work they want to do and that restricting options does not benefit workers.
The flexibility seen in contract work is cited as an example. Many labor regulations do not apply to contractors, and when polled by the Bureau of Labor Statistics, the majority of contractors expressed a preference for this arrangement. This raises questions about the necessity of these regulations if so many workers prefer arrangements that allow them to avoid such "protections." Despite this, there are concerns that Washington is intent on cracking down on contractors, complicating classification in this manner.
Rather than expanding restrictive regulations to include contractors, advocates suggest extending flexibility to all workers. They propose freeing up the job market and reigniting entrepreneurial spirit by cutting through these barriers.
"History shows wealth never comes from top-down government plans," proponents argue. They believe empowering individuals to find their own paths will unleash the nation's creative potential, emphasizing that personal knowledge of one's talents, constraints, preferences, and passions is crucial.
By implementing labor reforms aimed at removing outdated regulations, supporters believe the American workforce can thrive by pursuing success in unique ways. At Prosperity Is Possible, there is a belief in the potential of the American people to drive economic growth and opportunity. The organization envisions a labor market that works for everyone, driving prosperity and fulfilling the promise of the American Dream.
