NAM Study Puts $81 Billion Price Tag on New Labor Rules
Labor regulations implemented during the Obama administration could cost an estimated $81 billion over the next ten years and require more than 400 million hours in paperwork, according to a just-released study from the National Association of Manufacturers’ Center for Manufacturing Research.
The study from the pro-business National Association for Manufacturers estimates that more than 150,000 workers stand to lose their jobs from these regulations, with additional jobs changing from full- to part-time.
Researchers analyzed seven regulations and labor law changes from the U.S. Department of Labor, OSHA, the Equal Opportunity Commission (EEOC) and the National Labor Relations Board (NLRB).
Labor Rule Enforcement Estimates, Center for Manufacturing Research
The Department of Labor has finalized three major regulations each year during President Obama’s first seven years, the study stated. The previous four administrations each averaged 1.6 major rules annually, according to the Government Accountability Office.
The National Association of Manufacturers is a trade association and lobbying group that represents manufacturing employers.
