When government steps in with regulations to prohibit and slow production of pharmaceutical companies, jobs are lost and advances in medicine are slowed. According to a Triangle Business Journal report today, Wyeth Pharmaceutical in Sanford announced tentative plans to lay off ten percent of its workforce, joining other area pharmaceutical companies GlaxoSmithKline, Pfizer, Bayer, Novartis and AstraZeneca in major layoffs.
On the one hand, the government hands out big incentives to some companies who promise to create jobs and with the other hand, chokes the life out of other companies causing jobs to be lost. Maybe the government should just stay out of it and let the free market take care of jobs.
