There has been a swell of anti-capitalist sentiment in the last decade. That sentiment is reflected in how our government views business based on laws passed and regulations created. At times, our government treats businesses as if they were just an extension of government benefit programs or tools to push current ideological agendas. We forget that the primary purpose of a business is to derive a profit from the supply of goods and services. “Job creation” is not a primary purpose of business, it is a side affect of a successful business. “Wage growth” is not a primary function of business, it is a side affect of healthy competition for labor resources among thriving businesses.
We don’t have to look much farther than our own federal, state, and local governments to understand the economic impacts on businesses (and by extension the economy as a whole) of taxation, over regulation and government mandates. Here’s a brief video from Prager University that succinctly demonstrates how things like Obamacare and minimum wage increases squelch entrepreneurship and kill businesses rather than promote business creation and expand economic opportunity.