How Public Policy Affects Business

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About This Episode

Public policy in the United States directly affects the way in which businesses can and choose to operate in the country. The passing of California Proposition 22, a “ballot initiative in California on the November 3, 2020 state election which classified app-based drivers as independent contractors, instead of employees”, has already started to demonstrate how workers and independent contractors are being negatively affected, in which businesses like Albertson’s have fired their entire delivery staff in order to replace their full-time employees with independent drivers under the GrubHub app.

Tune into The Brew as Val and Luis talk about how public policy over the last few years has affected businesses in this all virtual version of the show.

Topics Discussed in Today’s Show

0:00 – Introduction

5:18 – What is Proposition 22?

15:22 – How Public Policy Works

24:14 – What is the Gig Economy?

31:26 – What is Lobbying?

36:02 – Sarbanes-Oxley and what it is

47:08 – What is the Milton Friedman Approach to Economics?

56:47 – Education and Public Policy

1:08:05 – Maslow’s Hierarchy of Needs and Disposable Income

1:13:28 – Small Business and Public Policy

1:22:39 – Recap and Conclusion

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