As graduation season is in fullswing nationwide, a whole new generation of educated and motivated young adults is trying to find its way into the work force.
Unfortunately, many are not finding the opportunities they wanted and expected upon completing their degrees.
As an MBA student in Columbia, I think that the lack of opportunity for both jobs and entrepreneurship stems from a much larger problem — an overly complex federal regulatory system and excessive regulations.
I wish employers means to hire freely, but the uncertainty created by today’s regulatory environment, has made many hesitant to do so.
With federal regulations coming out of each agency with no oversight as to how these regulations work in relation to each other, the regulatory system has grown in complexity and redundancies.
Small businesses find themselves in a constant state of uncertainty and spending valuable resources simply trying to understand the federal regulatory process. These resources would be better spent hiring new workers and finding other ways to expand.
My hope is that Missouri’s elected officials — Sen. Claire McCaskill and Sen. Roy Blunt — will prioritize modernizing rule-making, so that small business owners can get back to growing our businesses and creating opportunities for the next generation, my generation.
Rush James is a 2015 Crosby MBA candidate at MU's Trulaske College of Business.