[This is the transcript of my regular KVMR commentary that was broadcast on 30 December 2011. The KVMR website has podcasts of this and previous editions of these commentaries.]
As we prepare to ring in 2012, I am reminded that governments at all levels have been busy taking away more of my freedoms and restricting what I can buy or build - all for my own protection, of course. And as a Californian, I am doubly blessed because my state is the country’s leader in protecting its citizens from every form of harm imaginable, including overworking. That benefit it provides by driving out companies, inhibiting new start-up businesses, and generally making the hiring of full-time employees as difficult as possible – in short, the business of Sacramento is eliminating business in California.
Starting this Sunday morning a whole slew of new laws and regulations will hit us. With regard to hiring, except in a few special cases, it will be illegal for an employer to check on the credit rating of an applicant. Checking credit ratings of new hires for positions of responsibility has always been important as a measure of the employee’s ability to manage personal affairs, and his propensity to focus on the new job instead of worrying about how to pay or avoid outstanding bills. The state has decided that this is no longer necessary nor permitted, employers can go suck an egg.