Career Quote by Steven Rattner
“The largest number of jobs likely to be created by the JOBS Act will be for lawyers needed to clean up the mess that it will create.”
About This Quote
Source Speech: Economic Commentary on the JOBS Act, 2012
The JOBS Act will create many new jobs, but most will be lawyers needed to resolve the complications it causes.
In simple terms: The act spawns legal work to fix its own problems.
Key Takeaway
Anticipate legal complexities when drafting policy.
Themes
economics
policy
legal
unintended consequences
Mood
cautious
analytical
Type
policy
critical
When to use this quote
- legislative drafting
- business compliance
- risk management
Key Concepts
regulation
job creation
policy analysis
Questions to Reflect On
- What positive effects could the act have?
- How can policy be designed to minimize legal fallout?
A Different Perspective
It overlooks potential benefits and assumes all outcomes are negative.
