Our research found that medium-sized businesses are actually hit hardest by the costs of regulatory compliance, which is often overlooked in discussions on regulation.
Public officials should start taking a more data-driven approach to regulation, utilizing models that accurately estimate the overall labor and capital costs associated with compliance.
About a third of all U.S. occupations involve some regulation-related work, highlighting the extensive impact of regulatory compliance across diverse industries.
The hidden costs of regulatory compliance manifest significantly in the workforce, with some employees dedicating substantial time to ensuring adherence to regulations.
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