Obama Administration’s Labor Regulations Cost Economy This!
$80 Billion & 150,000 Jobs…
Obamanomics: Kill as many jobs as possible, then punish companies for being successful through onerous regulations.
Labor regulations issued in the last year of the Obama presidency will cost the economy roughly $80 billion over the next 10 years and eliminate 150,000 jobs, according to a report from the National Association of Manufacturers.
The report analyzed seven regulations from the Department of Labor, the Occupational Safety and Health Administration, the Equal Opportunity Commission, and the National Labor Relations Board. The measures included the Fair Pay and Safe Workplaces rule, updated overtime rules, new silica standards, the Ambush Elections rule, reporting requirements for employment and wages, and reporting requirements for workplace injuries and illnesses.
The National Association of Manufacturers found that these rules could cost the economy $81.6 billion, eliminate 155,700 jobs, and impose 411 million paperwork burden hours on companies. More