Tag Archives: Regulation

Regulations Inhibit Productivity

According to a new report from the Mercatus Center, heavily regulated industries experienced a lower growth in productivity between 1997 and 2010 compared to less regulated industries. During that time, the most regulated industries experienced a 33 percent growth in output per person and a 34 percent growth in output per hour. While 33 percent may seem like strong increase, it is only 2.5 percent on an annual basis. Moreover, it is vastly overshadowed by the growth in the least regulated industries—a 63 percent growth in output per person and a 64 percent growth in output per hour. Additionally, while labor costs for the least regulated industries fell by 4 percent, those for heavily regulated industries grew by 20 percent.

Regulations serve as a barrier to entry for many firms wishing to enter the market. The largest businesses, which are better able to shoulder the costs of regulation, drive out their smaller competition. For this reason, it is often the largest businesses that lobby for regulation. This leaves smaller insurers at a competitive disadvantage and allows larger the larger companies to profit. In a heavily regulated and noncompetitive market, it is unsurprising to see inefficiency and higher costs.

Last Week In Regulation

According to the Competitive Enterprise Institute,  73 new regulations were added to the Federal Register last week, which places the current tally at 2,395 regulations on 51,781 pages. So far this year, 460 new rules will affect small businesses.

“The total estimated compliance costs of 2014’s economically significant regulations currently ranges from $7.62 billion to $10.87 billion. They also affect several billion dollars of government spending.”

Last Week In Regulation

According to the Competitive Enterprise Institute,  83 new regulations were added to the Federal Register last week, which places the current tally at 2,322 regulations on 50,432 pages. So far this year, 440 new rules will affect small businesses.

“The total estimated compliance costs of 2014’s economically significant regulations currently ranges from $7.62 billion to $10.87 billion. They also affect several billion dollars of government spending.”

Last Week In Regulation

According to the Competitive Enterprise Institute,  75 new regulations were added to the Federal Register last week, which places the current tally at 2,239 regulations on 48,550 pages. So far this year, 417 new rules will affect small businesses.

“The total estimated compliance costs of 2014’s economically significant regulations currently ranges from $7.62 billion to $10.87 billion. They also affect several billion dollars of government spending.”

Onerous Food Boat Regulations In Maine

For most businesses, being featured in a newspaper article is a great opportunity to bring in new customers. However, one entrepreneur in Maine found out that publicity also gets you noticed by the government. Reilly Harvey outfitted her small boat with a propane stove, a pot full of lobsters, and some homemade pies. She then began selling the delicious food to other boaters during Maine’s busy season. Just as food trucks have met resistance from local governments around the country, Harvey’s food boat ran into trouble. Harvey was told by health inspectors that she needed to meet health standards for mobile vendors. She would have to outfit her old ship with hot and cold running water in order to continue serving food. Although public outcry did manage to allow Harvey a temporary reprieve (she is allowed to operate with a wash basin, five gallons of water and a food thermometer in the interim) she will likely face off against regulators again before next season.

“The state requires her to add to her little boat a three-bay sink and a separate hand sink, and must have hot and cold running water and follow the same rules as food trucks. They also complained about her being barefoot in the boat. They’ve offered to ‘expedite’ her application as soon as she gets one in, though it’s unclear in the story how her small boat could meet these requirements.”

Last Week in Regulation

According to the Competitive Enterprise Institute, last week 80 new regulations were added to the Federal Register which places the current tally at 2,164 regulations on 46,563 pages. So far this year, 401 new rules will affect small businesses.

“The total estimated compliance costs of 2014’s economically significant regulations currently ranges from $7.34 billion to $10.57 billion. They also affect several billion dollars of government spending.”

Last Week In Regulation

According to the Competitive Enterprise Institute, last week 98 new regulations were added to the Federal Register which places the current tally at 2,104 regulations on 44,987 pages. So far this year, 388 new rules will affect small businesses.

“The total estimated compliance costs of 2014’s economically significant regulations currently ranges from $7.34 billion to $10.57 billion. They also affect several billion dollars of government spending.”

Which Federal Agency Issued The Most Regulations In 2013?

Which federal agency issued the most regulations in 2013? The top five agencies issued a combined 1,451 rules, or 44% of the 3,305 total rules. With 428 rules, the Department of Treasury took the top spot followed by the Department of the Interior (353), Department of Commerce (250), Department of Transportation (220), and Department of Health and Human Services (200).

“A little surprisingly, for the second time, the Environmental Protection Agency does not appear in the top five (it is sixth). Including the EPA’s 179 rules brings the total to 1,953 rules, or 48 percent.”

Last Week In Regulation

According to the Competitive Enterprise Institute, last week 74 new regulations were added to the Federal Register which places the current tally at 1,986 regulations on 43,539 pages. So far this year, 366 new rules will affect small businesses.

“The total estimated compliance costs of 2014’s economically significant regulations currently ranges from $7.34 billion to $10.57 billion. They also affect several billion dollars of government spending.”

Last Week In Regulation

According to the Competitive Enterprise Institute, last week 100 new regulations were added to the Federal Register which places the current tally at 1,912 regulations on 42,130 pages. So far this year, 355 new rules will affect small businesses.

“The total estimated compliance costs of 2014’s economically significant regulations currently ranges from $7.34 billion to $10.57 billion. They also affect several billion dollars of government spending.”

1 9