The Patriot Post® · Regulation Kills Industry

Economist Antony Davies observes, “From 1997 through 2010, the least regulated industries experienced 63-percent growth in output per person, 64-percent growth in output per hour, and a four-percent decline in unit labor costs. Over the same period, the most regulated industries experienced 33-percent growth in output per person, 34-percent growth in output per hour, and a 20-percent increase in unit labor costs. The data appear to confirm that greater regulatory burden is associated with lower levels of industry productivity.” More…