Study
| EST. READ TIME 1 MIN.Eliminating unnecessary red tape could save Canadian businesses nearly $11 billion per year
Achieving the Four-Day Work Week: Part 3 Essays
The Drag on Productivity From Excessive Regulation, by researcher Laura Jones, chief strategic officer and executive vice-president of the Canadian Federation of Independent Business (CFIB), notes that Canadian businesses could save nearly $11 billion annually if governments across Canada cut unnecessary red tape.
A separate essay—The Importance of Labour Market Mobility to Productivity Growth by Fraser Institute senior fellow Robert P. Murphy—argues that governments could increase worker productivity and wages by eliminating undue labour market restrictions.
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Laura Jones
Executive Vice-President, Canadian Federation of Independent BusinessLaura Jones is Chief Strategic Officer and Executive Vice-President of the Canadian Federation of Independent Business (CFIB), a non-profit associationthat advocates for 110,000 independent businesses across Canada. She is responsible for CFIB’s legislative, communications, research, and marketing functions.Since joining CFIB in 2003, Ms. Jones has spearheaded several high-profile campaigns on behalf of small businesses, including creating CFIB’s annual Red Tape Awareness WeekTM and Small Business Every Day Campaign. She has authored a number studies on regulation, including papers for the Organisation of Economic Co-operation and Development (OECD), the Mercatus Centre, and CFIB.Ms. Jones has been providing advice to Canadian governments on effective regulatory reform for more than a decade served on several federal and provincial regulatory committees. Currently, she serves as Chair of the federal External Advisory Committee on Regulatory Competitiveness. She is currently on the board of the Macdonald-Laurier Institute and CFIB.Ms. Jones received her B.A. in Economics from Mount Holyoke College in Massachusetts, and her M.A. in Economics from Simon Fraser University. She and her husband live in Vancouver with their three spirited children.… Read more -
Robert P. Murphy
Senior Fellow, Fraser Institute
Robert P. Murphy is a Senior Fellow at the Fraser Institute and Chief Economist at Infineo and author of the widely acclaimed book,Choice: Cooperation, Enterprise, and Human Action. He is also a Senior Fellow with the Mises Institute. He received his Ph.D. in economics from New York University. Previous positions include Research Assistant Professor with the Free Market Institute at Texas Tech University, Visiting Assistant Professor of Economics at Hillsdale College, Senior Economist at the Institute for Energy Research, Visiting Scholar at New York University, Research Analyst at Laffer Associates, and Senior Fellow in Business and Economic Studies at the Pacific Research Institute. Prof. Murphy runs the blog, Free Advice and hosts the podcast, The Bob Murphy Show. He is the author of The Politically Incorrect Guide to Capitalism, The Politically Incorrect Guide to the Great Depression and the New Deal, The Study Guide to Man, Economy, and State with Power and Market, The Human Action Study Guide, The Study Guide to The Theory of Money & Credit by Ludwig von Mises, and Lessons for the Young Economist. He has also written hundreds of economics articles for the layperson, has given numerous radio and television interviews on such outlets as Fox Business and CNBC, and is active on Twitter (@BobMurphyEcon).… Read more