New NAM-OMA Study Documents High Cost of Labor Regulations

The National Association of Manufacturers (NAM) and OMA released a new study this week that “outlines the destructive legacy this administration’s relentless labor regulatory agenda will leave for manufacturers, their employees and the communities in which they live.”

The study estimated that regulations on issues such as contractor blacklisting, employee overtime, silica, union elections and injury and illness reporting will not only result in hundreds of millions of hours of paperwork, but will also come at a price tag of more than $80 billion in compliance costs over the next 10 years.

According to the study, recent labor regulations from the administration will cost the following over the next 10 years:

• $81.6 billion in compliance costs
• 155,700 lost jobs
• 411 million hours of paperwork

Key findings include the following:

• The pace of labor rulemaking in the waning months of the Obama presidency will easily exceed that of the previous three two-term presidencies.
• On average, the Obama administration’s Department of Labor finalized nearly twice as many major labor regulations per year than the previous four administrations.

9/22/2016