IK'm not really sure what you are getting at Matt, but the jobs issue is not really that complex, if you ask me.
Regulation of business has been increasing almost exponentially.
This article has numbers on the new regulations being put onto businesses. A couple snippets -
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Last year, however, the number and cost of new regulations imposed by federal agencies reached unprecedented levels. Based upon reports from the Government Accountability Office, in fiscal year 2010 alone some 43 major new rules increasing regulatory burdens were issued by federal agencies.
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Overall, the latest Unified Agenda released by OMB shows that regulatory agencies have 183 more regulations in the pipeline now than they did last year, 40 of which are “economically significant”—an increase of 20 percent.
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This runs directly into the second point, which is that businesses are hoarding cash and not investing or expanding their buisiness because of fear of more costly regulation.
I know there will be those on here who think I am against all regulation. This is not what I'm saying. I am saying that regulation is increasing at alarming rates, and this scares businesses. Is it the only issue? Certainly not. But it s a huge one.