National Association of Manufacturers (NAM)
Commentary
Cry Wolf Quotes
The national securities act of 1934, as proposed, would interfere in a vital way with the essential supply of capital to business.
There is little difference between men and women as regards their satisfactory performance in industry. Sound employment and personnel practices are applicable to both men and women are applicable to both men and women and no emphasis should be placed on any distinction between them as workers.
The Securities Act of 1933 created a serious obstacle to recovery, through its drastic regulation of the issuance of new securities by private enterprise. The Banking Act of 1933 created an additional impediment through the provisions of Section 16 prohibiting the national banks from participating in underwriting securities after June 16, 1934.
Removing the caps on damages sought by plaintiffs would likely prompt employers to protect themselves by purchasing expanded legal liability insurance. That added burden of insurance would increase the cost of doing business in the United States and may result in a reduction of employees’ wages and benefits and/or the hiring of fewer workers.
Evidence
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Regulations at Work: Five Rules that Save Workers’ Lives and Protect their Health
This paper looks at five worker-safety regulations that were tremendously successful in reducing employee injuries, illnesses and fatalities.
