Fewer resources dedicated to complying with excessive regulation would free up substantial amounts of time and money.
Labour productivity is basically the value of output produced per unit of labour input.
The average work hours of Canadians decreased by about 4 per cent between 2000 and 2018.
The U.S. has endured a relatively high corporate tax rate and growth of government regulations.
Regulations are difficult to remove once implemented, as they create groups in society with vested interests in preserving regulations