Government regulation is a significant cost-driver for businesses. The time required for compliance results in additional labor costs, which are passed on to consumers. While regulation is necessary, state government must be careful to find an appropriate balance that allows businesses to prosper.
State agencies currently have broad authority to create law through the rulemaking process. Constant rulemaking from these agencies create a sense of uncertainty for businesses because the rules are constantly changing. The frequency of rule changes is one concern, but also the lack of legislative oversight that exists with the current system is another. The Legislature, consisting of elected representatives of the people, should have the final say on agency rulemaking to make sure rules comply with the intent of the Legislature.
Workers Compensation rates are a concern for the business community. Rates should be affordable while covering claims related to workplace injury. A private option to accompany the current public option is one idea that should be investigated. I look forward to bringing my insurance experience to the table in Olympia to work on making Worker’s Comp affordable.
With passage of the minimum wage initiative, came high labor costs for many businesses and reduced opportunity for entry-level employment opportunities. We must ensure opportunities for those new to the job market and those with disabilities. Part of the solution is recognizing differences in productivity and output among employees. Training wages and subminimum wages have an important place in that conversation.