There would need to be a stupid complex network of regulations and inspectors to do it right.
This is how all regulations work (for the most part). Also note that there's no such thing as "too much" or "too little" regulation. There's just bad regulations and good regulations.
Examples of good regulation:
Car emissions standards
Appliance energy efficiency requirements
Safety regulations (all kinds)
Loads of regulations related to banking
Examples of bad regulation:
Requiring certification for things that don't need it (e.g. braiding hair)
Requiring drug tests in order to receive government benefits
Banning necessary medical procedures and medications based on religious beliefs
Loads of regulations related to banking
Note: I work for a huge bank and our executives bitch about the cost of compliance all the time. Make them bitch more. Of all the things that need regulation, banking is of the greatest need. Never trust any financial system or transaction that isn't heavily regulated! There's an infinite number of ways to get screwed via banking and if it weren't for regulations they would screw you and everyone else as much as they possibly could. History is full of examples.
I'm all for it... As long as they get paid as much as their adult peers!
It's a bad idea to get kids socialized, thinking low pay is ever acceptable.
There should also be mandatory training about wage theft and how serious a crime it is for an employer to expect anyone to show up early or stay late without paying for that extra time. Have a great big award ceremony for the kids that reported employers who were caught pulling that shit! Make the employer pay them an amount equivalent to all the lost wages times three.
You want people to have more kids? Have the state give parents tax benefits (or just checks!) for each child's earnings until they're 25 or so.
He should play on all the girls teams, crush it like a total badass, then when conservative parents complain that "a boy is playing on the girls team" everyone can tell them to shut the fuck up because this is the future they always wanted. One with no exceptions or grey areas to speak of.
The flaws are immeasurable?