basically “higher quality” laws always make it very difficult for new players (such as your friend) to enter the market, because you have to have a whole lot of assets to start. which means there’s less competition -> providers don’t have to optimize on price so much -> they can get away with higher mark-ups.
the same is happening with cars, and housing. in the EU for example they require that every car have a few extra sensors (such as driving assistance, check whether the driver falls asleep, etc.). this makes manufacturing cars more expensive -> cars get more expensive. we all (everyone who buys a car) pay for this. they “improve quality” (mandatorily) at our expense.
basically “higher quality” laws always make it very difficult for new players (such as your friend) to enter the market, because you have to have a whole lot of assets to start. which means there’s less competition -> providers don’t have to optimize on price so much -> they can get away with higher mark-ups.
the same is happening with cars, and housing. in the EU for example they require that every car have a few extra sensors (such as driving assistance, check whether the driver falls asleep, etc.). this makes manufacturing cars more expensive -> cars get more expensive. we all (everyone who buys a car) pay for this. they “improve quality” (mandatorily) at our expense.