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The labour market is still highly regulated, and non-wage costs eg, for social security and health insurance are high.
ECONOMIST: Room for improvement
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Examples range from the merely annoying (eg, a proposed code for nurseries in Colorado that specifies how many crayons each box must contain) to the delusional (eg, the conceit of Dodd-Frank that you can anticipate and ban every nasty trick financiers will dream up in the future).
ECONOMIST: United States' economy
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Having measured the value to the public of charities' work, the researchers then added estimates for the benefits to recipients (eg, how much homeless people would have to pay for shelter of similar quality) and other factors, such as donations and government subsidies, to produce an overall balance of costs and benefits and hence of value added.
ECONOMIST: Charities