Labor Market Regulation

Labor market regulation refers to the rules and laws that govern how employers and employees interact in the workplace. These regulations cover aspects like minimum wage, working hours, safety standards, and employee rights. The aim is to protect workers from exploitation and ensure fair treatment while also allowing businesses to operate effectively. Regulations can vary by country and region, reflecting different economic priorities and social values. By setting these guidelines, governments seek to create a balanced labor market that promotes fair practices and economic stability.