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It even is sometimes weaponized to help fight competition. For example, by making it expensive to conduct a certain type of business and requiring even higher e
by lmilcin 6y ago
It even is sometimes weaponized to help fight competition. For example, by making it expensive to conduct a certain type of business and requiring even higher entry costs (things like certification, licences, etc.) it actually favors large, established businesses.
Case in point: Uber suggesting minimum wage for their workers, some time ago. Think about this, the company refuses to recognize them as their work force but are fine to suggest a minimum wage. As it happens, the minimum wage would put their competition out of business at that time so it must have been seen as favorable for Uber. The competition was not so well funded and so this would be an attrition war at a point in time when Uber was potentially able to win it and wipe all competition out.
This shows that you don't even need corrupt bureaucrats to have regulation steered this or that way by private business.
- trident5000 6y agoMy favorite is the NY LLC publishing requirement. To start a business you must publish that you started a business for 6 consecutive weeks which costs thousands. Wonder what back door corrupt deal was made on that one.
- lmilcin 6y agoI can only suspect that this made sense at some point in time when wealthy people started their day with a pipe and a magazine to read.
- trident5000 6y agoPoints to another issue that there is no active effort to reduce old laws so they just pile up.
- WaitWaitWha 6y agoGot a better one. Try to buy a car in the USA, directly from a manufacturer.
- skykooler 6y agoWhich is why there are many states in which you can't buy a Tesla (since they sell directly from the manufacturer).
- drewbug 6y agoThousands?
- tomtheelder 6y agoThat one is just an archaic rule, but I registered an LLC in NY for like $200 all in. Services will publish for you in random publications for that cost. Still annoying, but not a huge deal realistically.
- xmprt 6y agoWhat does the law achieve? It seems like such a massive waste of money. Why does it need to be a physical publication when a digital publication is cheaper and can have just as much if not more reach?
- tchock23 6y agoIt doesn't cost thousands. It's at most $200 or so to publish in two newspapers. Where I'm from people always pick the Jewish Ledger because it's something like $79 for an ad publishing a LLC. It's a dumb rule regardless, but please don't blow the costs out of proportion.
- prewett 6y agoBased on my reading of O'Henry stories, my guess is that law exists because people were selling stock in scam mining companies with mines in the West back in the late 1800s / early 1900s. If you had to advertise that you were starting a business, then people could look up your company and discover that it is unlikely that your company had $$$ of gold deposits in Colorado.