The Impact of Regulations on Employment Hearing Before the Subcommittee on National Economic Growth, Natural Resources, and Regulatory Affairs of the Committee on Government Reform and Oversight, House of Representatives, One Hundred Fourth Congress, SEC

Excerpt from The Impact of Regulations on Employment: Hearing Before the Subcommittee on National Economic Growth, Natural Resources, and Regulatory Affairs of the Committee on Government Reform and Oversight, House of Representatives, One Hundred Fourth Congress, Second Session, May 16, 1996

Mr. Mcintosh. Thank you very much, Mr. Bartlett. Let me say your entire book of materials here will be put into the record.

Let me at this point say that I have been called to a meeting with some of the leadership on this minimum wage issue.

So I'm going to deputize one of our members, Gil Gutknecht of Minnesota, to Chair the meeting, after consulting with our Vice Chairman, Mr. Jon Fox, and Gil will continue to do that.

I was wanting to ask one quick question out of order, if I could have unanimous consent. What would you estimate as the percent age of your payroll which you listed in 1994 as being about million, as a percent of that, what would you estimate your annual cost to comply with regulations were during that year?

Mr. Bartlett. I have done some homework on that and had our accounting department put numbers together on 1994, and 1994 was a relatively easy year for regulation for us.

But of million in payroll, we spent on various fees relating to Government compliance and regulation. So as a percent, in 1994, about percent of payroll or $406 per employee, and that was an easy year.

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