Being a believer in market exchanges, I am opposed to a feddle minimum wage. However, I would like to propose that the NRC receive the federally mandated minimum wage of $7.25 per hour for reviewing applications instead of the $270 per hour that they currently receive. <kinda sarc>
Consider Nuscale’s recent application to the NRC for their modular reactor:
NuScale has been engaging the NRC in preapplication meetings for the past several years. So far, the company has purchased approximately 40,000 professional staff hours of review services from the regulators at an price of about $270 per hour. Preparation of the document, including the supporting test program required the services of a engineering and licensing team totaling about 800 participants, with a roughly equal split between company employees and contractors.
That’s over $10 million! An outrage!