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ROBERT STAVINS: It's unquestionably the case that any kind of regulation is likely to be good for some sector of the economy, but on net, there are costs involved.
For example, production technology can include both traditional and modern aspects; such is the case of crafts that include marketing (i.e., specifically designed and custom-made for some sector, advertising, distribution, etc).; some families work in manufacturing, others in distribution, and so on.
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For some sectors or positions, voluntary work is highly desirable.
And personalisation is, of course, more achievable for some sectors than it is for others.
"For some sectors in manufacturing, the slowdown in China is not a new story.
While this requirement has since been relaxed for some sectors, analysts have criticized the policy for creating an uncompetitive business environment.
Verdi, a services union, is already seeking pay rises of 6.5% for some sectors, including printers, shop-workers and post-office staff.
The positive spin, if you can call it that, is that the outlook for some sectors is not as bad as for others.
He insisted today that his views as an advocate for some sectors of Wall Street would not color his decisions as a policy maker.
Yet jobs created greatly outnumbered these, to the tune of 24m over the decade.The process leads to incremental shifts that can have profound cumulative consequences for some sectors of the economy.
There was also uncertainty over how his campaign trail rhetoric would translate into clampdowns for some sectors, such as technology companies and other internationally focused firms, and into deregulation for others, including energy and banking.
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