What regulations would those be?
I just gave all my employees a 10% raise and am looking seriously at renting another warehouse.
OK...then you can relate....
One of my clients was hit with a new local ordnance regarding loading bay width.
Apprarently, some worker at some other company did not follow loading bay rules and tried to walk around the far side of a truck that had little clearance from the wall to the side mirror....he nerly took his entire nose off....for the truck mirror was damaged and sharp.
So the local legislator pushed for a new regulation adding 6 inches to the width of a loading bay.....and it was instituted.
My client had 12 months to comply wioth the new regulation.....and as you know.....it is pretty expensive to have to widen a loading bay.....
He did it at a cost of over 75K.....during a year where his profits barely allowed him his basic s-corp salary of 1K per week...and NO distributions...so he was forced toactually spend an extra 75K in a year where he took home only 52K...
Ya think he wanted to hire new people?