FP Comment: Reject unions and prosper
Enacting a worker-choice law would give a province a competitive advantage
Over the past two decades, Canadian politicians, bureaucrats and others have become increasingly aware of the importance of business investment to the overall health of our economy. Business investment in plants, machinery, and equipment drives economic growth, creates jobs and increases productivity. When workers have more capital (machines, equipment, and technology) at their disposal, they can produce more and/or higher-valued goods and services per hour and they can, therefore, demand higher wages.
To attract business investment many provinces have focused on implementing policies to improve their investment climates. These have included more prudent management of government finances (pre-recession, of course), lower personal and corporate income taxes, the elimination of corporate capital taxes, investments in infrastructure, and reductions in the burden of regulation.
Unfortunately, one policy area that has seen no significant reform is labour law.
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By Niels Veldhuis and Amela Karabegovic
To attract business investment many provinces have focused on implementing policies to improve their investment climates. These have included more prudent management of government finances (pre-recession, of course), lower personal and corporate income taxes, the elimination of corporate capital taxes, investments in infrastructure, and reductions in the burden of regulation.
Unfortunately, one policy area that has seen no significant reform is labour law.
Read more
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