Harms small business

Harms small business

Commentary

The Great Regulation Charade

September 20, 2011

Cry Wolf Quotes

Class actions constitute a grave economic hazard to business—and the magnitude of the threat is likely to be in inverse relationship to the size of the business. Indeed, the effects on small businesses would be particularly catastrophic if not fatal.

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William B. Norris, Chamber of Commerce, Testimony, Consumer Subcommittee of the Senate Commerce Committee,” Chamber of Commerce Public Presentations.

Small businesses can and do fail because of this. There is a cost, both in dollars and in disruption. The cost in dollars is the cost of a temporary worker for which the company pays a premium, the training of a replacement worker and the overtime paid to remaining workers who help fill in for that absent employee.

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Michael Yates, president of a Hampton-based human resources consulting company. The New Jersey Media Group.

Such [sanitary] certificates will give a possible opportunity for an unfair person to make demands for graft on the small baker, who is always reluctant to go into the courts to force recognition of his rights. We believe either or both of these sections would have the effect of gradually reducing rather than increasing the number of small bakeries.

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J.C. Bogart, New York Flour Club (they represented over 80 percent of firms in the flour business). Only date available: 1913.
01/01/1913 | Full Details | Law(s): Triangle Factory Laws

If you pass this bill, it will not be ten years certainly; I believe it will not be five years until practically every cellar bakery in New York city will be out of business.

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Frank P. Hill, representative of the New York Retail Bakers’ Association. Only date available: 1913.
01/01/1913 | Full Details | Law(s): Triangle Factory Laws