The House Republican regulatory reform bill contains an embarrassing typo, mistaking “employment” for “unemployment.”
The “Red Tape Reduction and Small Business Job Creation Act” calls for a moratorium on “significant regulatory action” as soon as the legislation is enacted.
The argument by Republicans is that government regulations burden job creation and growth and should therefore be suspended until the economy picks up.
But in a typo, the measure would require that new regulations are suspended until unemployment reaches 94 percent. From Page 3 of the legislation:
Presumably, “employment” is supposed to read “unemployment.”…
Mariya Aleksynska and Martin Schindler provide descriptive statistics showing that there exists substantial heterogeneity in labor market institutions across regions and income groupings, and that much of the sample variation is driven by institutional changes over time in low- and middle-income countries in Labor Market Regulations in Low-, Middle- and High-Income Countries: A New Panel Database published bu imf.org. (Adapted excerpts by … Continue reading»