One important reason for this dismal position is that in America entrepreneurs need, on average, to navigate six different legal and regulatory hurdles to start a company. In New Zealand and Canada, which top the league, there is just one procedure. The complexity faced by Americans means that it takes them on average about six days to create a start-up; in many other countries the process is much faster and cheaper.
I give credit to President Obama for flagging the issue in regards to occupational licensure,
Five decades ago, occupational licences were required only in specialist arenas such as nursing. But, in recent years they have proliferated so dramatically that a quarter of all American workers must secure one from individual states. Sometimes this is justified: airline pilots need licences. But often, as in the three years of training needed to become a security guard in Michigan or the thousands of hours required for hairdressers in Utah, the rationale is less clear.
but wish he were more aware of the many regulations he has promulgated that have the unintended effect of making it more difficult to do business.