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TheStreet Open House

Nationwide Survey Shows 69% Of Small Business Leaders Say Complicated Government Regulations Impede Job Creation

NEW YORK, Oct. 1, 2012 /PRNewswire/ -- A new nationwide survey of small business owners and managers finds that 69% believe complicated government regulations are "major impediments to the creation of new jobs." Of those surveyed, 68% said that more businesses are investing in new technology rather than new employees "to avoid complications created by federal employment laws, mandates and regulations."

Small business owners and managers are on the frontline of job creation. Small business employs half of the nation's private-sector workforce and accounts for over 99% of employers.

When it comes to implementing regulations, 86% of those surveyed said that regulations would be more effective in protecting public health and safety if they gave business "clear, certain goals" as well as "more freedom to use common sense in making daily decisions." In addition, 89% said that most government bureaucrats make decisions "based on rules and not on common sense."

The top two obstacles to business growth and job creation, according to those surveyed, are burdensome government regulations (27%) and a legal system that encourages too many lawsuits (23%). These were followed by difficulty obtaining financing (20%), high taxes on business (18%), availability of a qualified workforce (9%) and the rising cost of energy (7%).

"To stimulate new jobs, America's political leaders should radically simplify the bureaucratic tangle," said Philip K. Howard, Founder and Chair of Common Good, the nonpartisan government reform coalition that commissioned the survey. "This presidential race is the ideal time to build a consensus around that concept."

The survey was conducted by Clarus Research Group from September 19 to 25, 2012. The sample included 500 small business owners and top managers who were interviewed by live telephone interviewing specialists. For the purpose of this survey, small business is defined as those that employ less than 500 workers.

Common Good ( www.commongood.org ) is a nonpartisan government reform coalition dedicated to restoring common sense to America. The Chair of Common Good is Philip K. Howard, a lawyer and author of Life Without Lawyers and The Death of Common Sense.



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