Federal Spotlight: New regulations cost $81B, NAM study shows
September 22, 2016
Regulations on issues such as contractor blacklisting, employee overtime, silica, union elections and injury and illness reporting will cost more than $80 billion in compliance costs over the next decade, according to a new report from the National Association of Manufacturers.
The study outlines the effects new regulations implemented under the current administration will have on U.S. manufacturers. According to the study, recent labor regulations will have a significant cost over the next 10 years, including:
- $81.6 billion in compliance costs
- 155,700 lost jobs
- 411 million hours of paperwork.
Click here to read the report.