The Deregulation of Various U.S. Industries free essay sample

Examines the effect that deregulation has had on different industries in the United States. The paper argues that the Federal governments policy towards deregulation had a dramatic impact on various industries. The paper primarily focuses on the airline, petroleum, trucking and banking industries. The paper continues, showing that deregulation was a big part of President Reagans economic policy. He saw over regulation as a contributing factor to the economic problems that the country was facing when he took office in 1981. The paper also examines how the deregulation policy has allowed industries to respond better to the market needs and operate more cost effectively. Labor unions have been opposed to deregulation because competition has forced down wage demands. Previously labor disputes were accepted and the airlines would use this to justify the CAB ordered fare increases. Labor costs have gone from 42 percent of operation costs to 34 percent and the revenue per employee ratio has increased. We will write a custom essay sample on The Deregulation of Various U.S. Industries or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page