The government proposes new regulation to make an industry safer. The industry shouts back that the new measures are “cumbersome and costly,‟ tantamount to “a confiscation of property.” A newspaper opines, “Excited persons rarely accomplish anything…No new laws are needed.” Trade groups issue dire warnings about how the new laws will wipe out entire industries and sacrifice jobs. Are these the latest response to new Consumer Product Safety Commission guidelines? Banking giants balking at financial reform? Nope, those were quotes from when fire protection guidelines were proposed after the Triangle Shirtwaist Factory fire of 1911, in which 146 garment workers died. Friday marks the 100th anniversary of this tragedy. [More]
