Policy
What is the DOL?
Responsible for protecting wages and employment
What is deregulation?
Removal of the economic activity restrictions
How is overregulation harmful?
It discourages economic activity
What stance is a liberal likely to take?
Supportive of protecting workers through legislation.
What is OSHA?
Creates the regulation to promote health and safety of workers
What is overregulation?
Overly complex rules and regulations
How does cost vs benefit play into regulation?
Needing to figure out if the cost of a specific regulation is worth the benefit of it.
What stance is a conservative likely to take?
Against protecting workers through legislation.
True or false: The DOL belongs to OSHA.
False. OSHA belongs to the DOL.
What is regulatory capture?
What is the result of regulatory capture?
Regulatory agencies are dominated by ex-industry employees
Why would a Liberal or Conservative have this view?
Liberal: more regulation makes the workplace more fair.
Conservative: more regulation gets in the way of economic growth/activity.