References 3. 4. 5. 6. World Economic Outlook: Uneven Growth, Short- and Long-Term Factors 104 (Intl. Monetary Fund Apr. 2015), https://www.socialeurope.eu/labour-market-deregulation-productivity-imf-finds-no-link. Regulation, employment, and the economy: Fears of job loss are overblown (Econ. Policy Inst. Apr. 2011) https://www.epi.org/publication/regulation_employment_and_the_economy_fears_of_job_loss_are_overblown/. In Australia, in 2017, Sunday and public holiday penalty rates were slashed for workers in the retail and hospitality industries, with employers arguing (and the Fair Work Commission agreeing) that reductions in labour costs would lead to higher employment. A 2018 parliamentary inquiry found that in the quarter immediately following the rate cut, no new jobs were created, there was no statistically significant change in hours worked and consumer spending dropped. Parliamentary of Victoria Legislative Assembly Penalty Rates and Fair Pay Select Committee, Inquiry into penalty rates and fair pay: Final Report Victoria Gov. Printer July 2018), https://www.parliament.vic.gov.au/images/stories/committees/penalty_rates/PRFPSC_58-02_Text_WEB.pdf. World Bank, India’s Employment Challenge: Creating Jobs, Helping Workers (Oxford 2010), http://documents.worldbank.org/curated/en/895771468049184625/pdf/553790PUB0Box310Emplyment0Challenge.pdf; Adrian Wail Akhlas, Reforms may jeopardize RI’s role in global value chains, Jakarta Post (Jan. 31, 2020), https://www.thejakartapost.com/news/2020/01/31/reforms-may-jeopardize-ris-role-global-value-chains.html. See generally World Bank, World Development Report 2020: Trading for Development in the Age of Global Value Chains (World Bank 2020), https://openknowledge.worldbank.org/handle/10986/32437. 9