Derek Thompson - Derek Thompson is a staff editor at TheAtlantic.com, where he writes about economics, business, and technology. Derek has also written for BusinessWeek, Slate and The Daily Beast.
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For example, imagine two widget factories: one big one that employs 5,000 people and a small one that employs just five. If a new regulation requires all widget-makers to hire one person in charge of monitoring quality control, the big company's labor costs increase by 0.02%, while the smaller firm's labor costs increase by 20%. Smaller companies take a much bigger hit to their proportionally smaller earnings when additional regulation is imposed.
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