Labour market flexibility
Making it easier to hire and fire workers. Those in favour of flexibility argue that giving workers too much job security discourages employers from taking on new labour, and results in a “two tier” market, comprising secure workers and a large number of long-term unemployed. Flexibility also helps with the process of creative destruction, allowing workers to move from old, unproductive industries to new, innovative ones. Opponents argue flexibility leads to a precariat of insecure, low-paid employees.
