Regulators should take the liberty offered with the rulemaking process instead of the dollar figures that come with it, said the Labor Secretary Alexander Acosta.
Acosta leads a regulatory rollback for the department as per the President’s policy to the deregulation attempt in order to make the economy strong. Acosta called these beneficial efforts as an attempt at “unleashing economic optimism,” and indicated to the highest record stock market numbers and the lowered employment rates of 4.1 percent.
He further agreed that a lot of major difficulties still lie ahead to overcome in the year 2018, with the total participation of the labor to be lesser than a 70 percent and the growth of the GDP by 3 percent in both the quarters this year. This continues to grow faster than the wage rate which was 2.5 percent this year.
He further added that the department is capable of solving these issues by using a different approach to these regulations. He said that these agencies usually weigh these rules by providing a cost-benefit analysis. He also said that he aims to broaden the possibilities to stay focused on the principles of liberty.
“The cost to liberty also matters … often it’s overlooked,” he said.
He also indicated to the department’s decision to end the Former President’s ‘persuaded rule’, which was forcing all the companies to reveal the names of the law agencies that they use for advice during their union elections. While the rule changes as per the figures, as the critics said that would have a chilling effect for all the lawyers and the employers.
“What is the cost to liberty in our society if a lawyer has to register with the federal government to give advice?” he said.
He further aims at the licensing of the past addresses to the state lawmakers with further plans to boost the case of group building along the state lines. Low mobility, according to him, proves to be a very big hurdle for the wage growth, especially among the trade workers. He says that a hair stylist in a state might avoid moving the labor force if they are to apply for a new license, requiring long hours of training with huge fees and unpaid work.
“This hits mid-size workers particularly hard … and also hits spouses particularly hard,” he said. “A lot of skilled individuals are giving up careers … to preserve the integrity of the family unit” in case of a job transfer of a spouse
“You don’t need a license to babysit, but you do need a license to dog-sitters,” he said.
According to him, the department’s most important task in the future is to execute a Trump executive order so that a new program could be developed that aims at enhancing the apprenticeships and on-the-job training opportunities. There are, as per an estimate, 6 million available jobs in the U.S. that still remain to be vacant as companies are not yet able to find workers matching the necessary skills or experience. Acosta said that the huge “skills gap” could be reduced by shifting to a more “demand-driven education.”
“We are not educating to the skills employers are demanding,” he said.