Which of the following is not an advantage of labour market deregulation?
A)Improved work practices can lead to higher wages.
B)Wages can more readily respond to changes in the demand for and supply of labour.
C)Increased labour market flexibility may disadvantage low paid people.
D)It can encourage dispute resolution at the workplace level.

Question

Quizplus · Accepted Answer

Labour market deregulation may lead to increased competition among workers, leading to a decrease in wages for low-skilled and unskilled workers. This may further exacerbate income inequality and disadvantage low-paid people. Therefore, increased labour market flexibility may not be an advantage for everyone.

Which of the Following Is Not an Advantage of Labour