Labor Policy

Labor policy refers to the set of laws and regulations that govern the relationship between employers and employees. It addresses issues such as wages, working conditions, job security, and workers' rights. Effective labor policies aim to balance the needs of workers for fair treatment and income with the needs of businesses to remain competitive and profitable. By shaping these regulations, governments seek to promote economic growth, reduce unemployment, and enhance overall workplace standards, ultimately influencing the well-being of both workers and the economy as a whole.