flexible labor markets

Flexible labor markets refer to job markets that allow employers and employees to adapt to changing economic conditions easily. This means businesses can quickly hire or let go of workers based on demand, leading to more part-time, contract, or temporary jobs. While flexibility can promote innovation and efficiency, it may also create job insecurity for workers, as they may lack steady employment and benefits. Overall, flexible labor markets aim to balance the needs of employers for a responsive workforce with employee rights and job stability.