Gallup Poll: Health Costs and Regulations Stifling Hiring
In a new Gallup poll, 85% of small businesses surveyed aren’t hiring, and don’t plan to anytime soon. Seventy-six percent said they just didn’t need any more employees, and 71% were worried that weak sales wouldn’t allow them to hire any additional employees.
This high percentage of small business owners who have cited weak sales as a driving factor limiting hiring has persisted throughout President Obama’s term and the recession. Guess what is keeping customers from buying? Lack of jobs. It seems like a catch-22, but President Obama and the left’s response of taking money from these businesses and giving it to customers so that they can then spend back at those businesses has failed. That’s because simply giving people that money in this economy causes them to save it, rather than spend it.
What the government can do to help businesses hire is to consider their other top concerns: healthcare costs and regulations. Forty-eight percent of small businesses say they are worried about the potential costs of healthcare (because Obamacare threatens to tax them in order to pay for it) and the threat of new government regulations. These are easy fixes: repeal Obamacare and roll back burdensome regulations.
The full list of responses: