Posts Tagged Lawsuit Abuse
Limiting lawsuit abuses lowers costs from litigation, creates jobs in long run
John Engler
President and Chief Executive of the National Association of Manufacturers
Lawrence J. McQuillan
Director of business and economic studies at the Pacific Research Institute, co-author of the U.S. Tort Liability Index.
-As Appeared in the Detroit News
The nation is going through difficult economic times, which will prompt calls to “bolster jobs” with “temporary” government spending programs. The best long-term jobs program for America, however, is not more spending we can’t afford. If we want results, we need meaningful legal reform.
University of California-Berkeley economist Lisa Kimmel examined six common tort reforms adopted by states between 1970 and 1997 and found each reform increased employment in manufacturing 1.5 percent, construction 1.4 percent, and 1 percent overall. To put this in perspective, one of these tort reforms in California would create more than 152,000 jobs; more than 87,000 jobs in New York, and more than 82,000 jobs in Florida.