Part 10/11:
The ongoing debate in NYC underscores a fundamental issue: well-intentioned safety regulations can have unintended economic consequences if not carefully balanced. While safety should be a priority, regulations need to be realistic, accessible, and based on empirical risk assessments.
As New York City faces an exodus of residents due to high living costs, policies like this could accelerate the trend, further reducing affordability and accessibility. Instead of layering on regulations that restrict supply and increase prices, policymakers should focus on removing barriers and encouraging market competition—ultimately making the city more livable for all.