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The Importance of Labour Market Mobility to Productivity Growth

Eliminating unnecessary red tape could save Canadian businesses nearly $11 billion per year


VANCOUVER—If governments across Canada want to help increase productivity—and the possibility of a four-day work week—they should eliminate excessive regulation on businesses and entrepreneurs, finds a new essay released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. “Businesspeople and entrepreneurs in Canada should be focused on innovation, improving products, serving customers and growing their businesses, not filling out forms and reports to various levels of governments, which takes time and imposes real financial costs,” said Steven Globerman, editor of the essay series on ways to improve productivity, which is necessary to achieve a four-day work week.
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