A new study commissioned by the National Association of Manufacturers (NAM) reveals the true cost of this administration’s Labor regulations.
- $81.6 billion in compliance costs over the next 10 years
- 155,700 lost jobs
- 411 million hours of paperwork
No argument from us about the hours to complete paperwork!
Obviously, management time spent on regulatory compliance that is overly cumbersome and redundant is time that management is not adding value to help companies become more competitive, sustainable, and add higher value.
Keep in mind, this is just Dept. of Labor costs.
Full Study here: NAM Report