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New NAM Report Looks at the Cost of Labor Regulations
The National Association of Manufacturers (NAM) has released a comprehensive study that puts numbers to the recent regulations coming from the Obama administration:
- 411 million hours of paperwork
- 155,700 lost jobs
- $81.6 billion in compliance costs
- The pace of labor rulemaking in the waning months of the Obama presidency will easily exceed that of the previous three 2-term presidencies.
- On average, the Obama administration’s Department of Labor (DOL) has finalized nearly twice as many major labor regulations per year than the previous four administrations.