Employee well-being is closely tied to worker satisfaction and productivity, and MSCI members are dedicated to providing a safe and clean environment for their workers. But overregulation imposes significant costs on the American metals industry without improving the daily lives of its workers. Labor regulations are the most costly type of regulation for manufacturers. In the last few years, the Department of Labor, the National Labor Relations Board and the Occupational Health and Safety Administration have issued a host of new regulations and rulings that would increase employer liability, expand union organizing, and raise businesses’ personnel and compliance costs. While these rules are meant to raise worker pay and reduce income inequality, they will actually have the opposite effect. By significantly increasing the cost of doing business, these policies will make it more difficult for companies to hire, provide good benefits and improve safety operations. Combined with other costly environmental and health care regulations, these new labor policies could put many smaller companies out of business.