Unethical business also supports regulation, the vape industry has been handed to RJ Reynolds due to regulations that ban all vapes that would be competitive wi

Unethical business also supports regulation, the vape industry has been handed to RJ Reynolds due to regulations that ban all vapes that would be competitive with Vuse. Businesses support regulation if it gives them a permanent, competitive advantage over potential competitors. Child labor laws hurt my ability to pay for college and advance my career, and it also destroys mom and pop shops, because the school system has to give the 15 year old kid a permission slip to help stock shelves or open up shop. That's not to say we shouldn't have them, but child labor laws were primarily about children being exposed to the nature of industrial manufacturing work circa 1930 - not anything to do with today and thus using them as an analogy for other incentives problems (especially when solving them creates a principal agent problem) is misguided.