Thomas Sowell makes this point regularly in his books. Here's some related points on minimum wage laws: https://www.aei.org/economics/thomas-sowell-on-the-cruelty-o...
0 != null
There is an argument to made that minimum wage laws reduce employability of low-skill employees. While many people will already come into that argument with some disdain and hostility, starting the argument with "As a reminder, the minimum wage is actually $0" is a surefire way to raise hackles.
Children's toys and equipment is an example. They have lots of regulation around requirements for recall procedures and product registration that add a lot of operational overhead for launching products in that space. Many businesses shy away from it because of those expenses, making it so certain ideas will never materialize there.
Sometimes these kinds of regulations are good, sometimes they are not, but they are always limiting and the regulation steers the decisions private businesses will make.