Deregulate for New Jobs

Deregulation reduces costs. In a competitive market, lower costs mean lower prices. Lower prices increase sales, requiring more workers to provide the goods or services.

Deregulation of air travel wiped out PanAm and TWA, but started a boom that created more jobs, not only in airlines, but also in airport services and airport ground transportation. Deregulation of telephone service reduced long-distance surcharges to zero; created jobs that had not been imagined, such as developing apps for smart phones; and provided our grandchildren with hand-held encyclopedias and no excuse for not calling us.