📊 #Productivity in #Canada: how about we unlock the equivalent of 11 billion dollars, 205 million hours, 105,000 full time jobs that are currently being wasted in our economy right now?
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- Weak productivity has been, including very recently, a hot topic in Canada. Rightly so, since it impacts our standard of living in the long run.
- Our red tape research revealed that in 2020 #smallbusinesses estimated the burden of #regulation could be reduced by 28 per cent without sacrificing the public interest. This suggests that red tape costs about $11 billion a year.
In terms of time, eliminating red tape would free up 205 million hours, or the equivalent of 105,000 full time jobs.
My latest blog post on the topic: lnkd.in/etZcSnhk #cdnecon #CFIBstats