Federal Regulations Cost Michigan Jobs
The cost of complying with federal regulations costs the state of Michigan big according to a new study commissioned by the National Association of Manufacturers (NAM).
The study, which was conducted by economists Nicole V. and W. Mark Crain, concluded that U.S. manufacturing businesses face a disproportionate share of the cost burden at $19,564 per employee per year, that is nearly double what the average U.S. business pays to comply with federal rules.
Michigan manufacturers employing more than 565,000 men and women, the potential losses greatly deters their ability to create jobs, reinvest in local communities and most importantly stay competitive in an increasingly global market.
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