Holding Companies Accountable in Light of Recent Deregulations
Holding Companies Accountable in Light of Recent Deregulations
It’s a lucrative time to be a business owner. In Trump’s America, corporations are not only considered people but have also become increasingly deregulated over the years. According to the White House, recent environmental and trade-based deregulations have even spawned “an unprecedented economic boom,” creating millions of jobs and fueling economic growth. Yet that statement isn’t entirely accurate, and in many cases, deregulation does more harm than good. While industry deregulations may improve corporate efficiency, spurring decreased consumer costs, there are also numerous downsides. For instance, customers are more susceptible to fraud and unscrupulous business practices when companies are deregulated. What’s more, concerns about the environment, social justice, and similar topics go out the window in the face of deregulation.So, in light of the implications of widespread deregulation, how can U.S. citizens ensure that businesses are accountable for employee safety, as well as their environmental impact? And what of the gig economy, where workers aren’t afforded legal protections required for employees, such as minimum wage or overtime pay? The question of liability is more complicated than ever in the wake of massive deregulation of myriad industries, companies, and governmental entities.Workplace Safety, OSHA, and DeregulationsAmerican workplace safety became standardized and streamlined in 1970, when the Occupational Safety and Health Administration (OSHA) was founded. However, the sad reality in 2020 is that OSHA is understaffed, resulting in numerous health and safety violations that fly under the radar. Thus, where OSHA is concerned, it’s not only about deregulation but also the inability of OSHA inspectors to thoroughly inspect millions of employers nationwide. Make no mistake, however; OSHA has indeed seen numerous deregulations since the beginning of the Trump administration. When a company or workplace is found to be in violation of OSHA’s health and safety standards, they are often required to pay a fine. Thanks to deregulations, companies that refuse to pay fines, or neglect to do so, may simply be penalized with additional fines.The upside is that, in 2019, “lawmakers increased OSHA fines across the board,” according to Eastern Kentucky University. Yet the increase was negligible: Penalties rose from $12,934 to $13,260 for every serious, other-than-serious, and failure-to-abate violation. Of course, OSHA has no jurisdiction over the gig economy, where one’s workplace can include a coffee shop, personal vehicles, and beyond.The Nuances of the Gig Economy
Man checking data on laptop; image by Content Creators, via unsplash.com.
About Noah Rue
Noah Rue is a journalist and a digital nomad, fascinated with the intersection between global health, personal wellness, and modern technology.