Costs will rise
Cry Wolf Quotes
I’m scared that this provision will add a pretty significant cost. You’re going to see a lot of small guys just close up shop.
If you would pass a law which requires unnecessary expense…that expense must to some extent be ultimately borne by the public. Either the consumer or the producer must stand it.
[The bill], while well-intentioned, will increase the cost of credit for consumers and small businesses across the country, result in less access to credit for consumers and businesses alike, and may further roil the securities markets -- all at a time when our economy can least afford it.
…this is no time to put additional burdens on employers and employees and State administrations. Recent legislation has created plenty of burdens without adding the one. It is an extremely dangerous time to discuss raising labor costs in the sense of labor costs per unit.
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.
