The ban will increase labour costs and discourage entrepreneurs and investors from investing and doing business.
productivity growth
More government spending appears to be the popular solution to every problem for most governments in Canada these days.
From 2015 to 2023, omitting 2020 due to COVID, labour productivity has declined by an average of 0.8 per cent annually.
Per-person GDP, a common indicator of living standards, now sits below where it was at the end of 2014.
When per-person GDP increases by 2 per cent a year, average income doubles within 35 years.
Federal policymakers seem uninterested in helping workers and businesses become more productive.
Low levels of capital investment and expenditures on research and development contribute to Canada’s slow productivity growth.
Average per-person income in Canada is now roughly US$51,000 versus US$54,000 in Australia.