Labor Market Policies

Labor market policies are strategies implemented by governments to influence employment, wages, and working conditions. These policies can include regulations on minimum wages, protection for workers' rights, job training programs, and unemployment benefits. The aim is to promote stable employment, support workers during economic changes, and ensure fair compensation. In the context of international economic policies, countries may adopt such measures to remain competitive in the global market, attract foreign investments, and respond to international labor standards. Effective labor market policies contribute to economic growth and social stability.