BUSINESS + ECONOMY

What America could learn from Utah’s deregulating workforce

Feb 7, 2023, 9:30 PM | Updated: Feb 8, 2023, 1:12 pm
Utah's deregulating the workforce is something the rest of the nation could learn from. It's a topi...
Utah's deregulating the workforce is something the rest of the nation could learn from. It's a topic discussed Tuesday on Inside Sources with Boyd Matheson. (AP Photo/Damian Dovarganes, File)
(AP Photo/Damian Dovarganes, File)

SALT LAKE CITY — A tight labor market continues to hurt the rest of the nation. Utah, on the other hand, is deregulating its workforce by making some key changes to help build its economy and fill job openings. It’s something the rest of America could learn from. 

This is accomplished by loosening the guidelines for occupational licensing.

Margaret Bussey, executive director of the Utah Department of Commerce, joined Inside Sources with Boyd Matheson on Tuesday to discuss this matter.

Matheson asked, “What is it that other states ought to be learning from how Utah is making all of this happen when it comes to overregulation?”

Bussey gives credit to Gov. Spencer Cox and the legislature for the work they have done in trying to loosen licensing requirements.

Specifically, she says Cox and the legislature made it so individuals who were either incarnated or living in another state could get licenses. 

Deregulating the workforce with systematic check-ins

Bussey says the Department of Commerce, with the help of the legislature, is now setting up a new office called the Office of Professional Licensure Review.

“With this idea that we need to sort of do a systematic check-in with all of our licensing requirements,” she said. “To see if the requirements that we have in place now. Which are really the regulations around those professions still make sense.”

Matheson said, “And I think it’s so important to note that this is just not ban all regulations. There are reasons for regulations that protect the public and the citizens.”

“And so, one of the things I often say about regulation,” Bussey said. “Is that it needs to be reasonable and reliable, but it also needs to be relevant.”

She adds that when regulations exist that are out of date, it causes economic waste and limits opportunities.

Changes with technology

They talk about in-person consultations between a doctor and a patient. Along with this, they discuss how that all changed with the outbreak of the COVID-19 pandemic.

With technology developments such as Google Meet and Zoom, those regulations have been updated, Bussey explains.

Furthermore, Bussey says the switch to online consultations between a doctor and a patient is a great example. She says the state needs to be looking at how technology has changed a profession. 

“It’s almost like a health check-up with each of these kinds of regulations,” she said. “Do these things still make sense for where we are right now in our society?”

Inside Sources with Boyd Matheson can be heard weekdays from 1 p.m. to 3 p.m. on KSL NewsRadio. Users can find the show on the KSL NewsRadio website and app. 

Read more:

 

We want to hear from you.

Have a story idea or tip? Send it to the KSL NewsRadio team here.

Today’s Top Stories

Business + Economy

vivint center with all-start weekend design is shown, black Utah businesses got good traffic over a...
Adam Small

Black-owned businesses look to further their reach following All-Star weekend

Black businesses in Utah will be featured every weekend in April. The goal is to get people familiar with their community and local businesses.
4 days ago
One of Dunkin's most recognizable drinks has disappeared. The Dunkaccino has quietly been pulled fr...
Jordan Valinsky, CNN

Twenty years later, Dunkin’ is retiring the fan-favorite Dunkaccino

Dunkin' didn't specify why the drink is no more, but fast food chains regularly change their menus and eliminate underperforming items.
4 days ago
File - Customers stand in a queue outside a branch of the Northern Rock, the British mortgage lende...
Associated Press

Parent of Silicon Valley Bank seeks bankruptcy protection

SVB Financial Group is no longer affiliated with Silicon Valley Bank after its seizure by the Federal Deposit Insurance Corp.
4 days ago
Utah Gov. Spencer Cox and state leaders were apparently preparing to be the backstop for short-term...
Curt Gresseth

Our Banks, Our Savings: Top consumer takeaways with a financial expert

A financial expert joins the show to talk about the financial takeaways you could have learned after the collapse of two US banks.
5 days ago
Eleven of the biggest U.S. banks Thursday announced a $30 billion rescue package for First Republic...
KEN SWEET AP Business Writer

Big banks create $30B rescue package for First Republic

It's an effort to stop the California-based bank from becoming the third to fail in less than a week.
5 days ago
Utah Gov. Spencer Cox and state leaders were apparently preparing to be the backstop for short-term...
Lindsay Aerts

Utah considered acting as backstop to Zions Bank emergency loans after SVB collapse

The loan program was being created just days before Zions Bank would face public worries over a potential credit rating downgrade.
5 days ago

Sponsored Articles

Cheerful young woman writing an assignment while sitting at desk between two classmates during clas...
BYU EMBA at the Marriott School of Business

Hear it Firsthand: 6 Students Share Their Executive MBA Experience at BYU’s Marriott School of Business

The Executive MBA program at BYU offers great opportunities. Hear experiences straight from students enrolled in the program.
Skier being towed by a rider on a horse. Skijoring....
Bear Lake Convention and Visitors Bureau

Looking for a new winter activity? Try skijoring in Bear Lake

Skijoring is when someone on skis is pulled by a horse, dog, animal, or motor vehicle. The driver leads the skiers through an obstacle course over jumps, hoops, and gates.
Banner with Cervical Cancer Awareness Realistic Ribbon...
Intermountain Health

Five common causes of Cervical Cancer – and what you can do to lower your risk

January is National Cervical Cancer Awareness month and cancer experts at Intermountain Health are working to educate women about cervical cancer.
Kid holding a cisco fish at winterfest...
Bear Lake Convention and Visitors Bureau

Get ready for fun at the 2023 Bear Lake Monster Winterfest

The Bear Lake Monster Winterfest is an annual weekend event jam-packed full of fun activities the whole family can enjoy.
happy friends with sparklers at christmas dinner...
Macey's

15 easy Christmas dinner ideas

We’ve scoured the web for you and narrowed down a few of our favorite Christmas dinner ideas to make your planning easy.
Spicy Homemade Loaded Taters Tots...
Macey's

5 Game Day Snacks for the Whole Family (with recipes!)

Try these game day snacks to make watching football at home with your family feel like a special occasion. 
What America could learn from Utah’s deregulating workforce