Job Killer
Commentary
Republicans Can't Name A Single "Job Killer" Regulation
Cry Wolf Quotes
…in regard to the ultimate consequence of this legislation, that is leaving aside the effect that might be produced this year or next year, on pay rolls, we wish to point out the added incentive it creates for the more rapid introduction of labor-saving machinery for the definite purpose of reducing the total taxable pay roll and thus add to the unemployment....Further there is always a maximum labor cost that any industry can meet and there will be a definite increased tendency for employers to consider this tax as a part of the wages of their employees and keep the direct wage paid as low as possible to reduce such wage by the size of the tax itself; I am indicating that only as a natural business tendency.
All told, some 16 million or more jobs will be needed in the next seven years. The statistics on the recovery from the 1974 recession indicate that such job creation is achievable. The major problem is to accomplish this goal through sound economic recovery and growth without increasing inflation or discouraging hiring by adding to labor costs.
There is nothing profamily about putting people out of work--but that is exactly what this bill does. Estimates are that tens of thousands of working men and women will be put out of work if this bill passes….there is nothing democratic about Congress playing Big Brother and mandating one set of benefits over another.
I am sure that there is no one here who would wish to increase the margin of safety in our dust standards so far beyond the point at which employee health is adequately protected that, as a consequence, we deprive of their means of livelihood the very persons whom we are trying to benefit. This would be an action foolish as it is absurd.
