Manufacturers group study says safety regs cost billions; Michaels calls data 'garbage'

Occupational safety and health regulations cost employers about $71 billion every year, according to a National Association of Manufacturers-commissioned study released Sep 10. For all employers, occupational safety and health and homeland security regulations in 2012 amounted to an average of $761 per employee in 2014 dollars, NAM claims. This represents nearly 8 percent of the average employer's total federal regulatory cost per employee ($9,991).