Environmental and labor-safety regulations are luxury goods: poor people worried about feeding their families tomorrow rationally prefer higher take-home pay over safer conditions, so such regulations only emerge once a middle class of sufficient size demands them politically—and cannot be successfully imposed from outside.
causalpending
Speaker
Mike MungerEvidence Quote
“these are what economists call luxury goods”
Created: 6/17/2026, 10:31:24 AM
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