OP's edited headline is strongly misleading. OP infers that an independently evidenced catastrophe is underway. Instead a lobbying and trade group is sounding

OP's edited headline is strongly misleading. OP infers that an independently evidenced catastrophe is underway. Instead a lobbying and trade group is sounding klaxons about a parade of horribles they've thought up. Actual headline starts with: Business group warns of mass layoffs and 'catastrophic'...