U.S. labor laws governing workplace governance systems reflect the central belief that competitive markets will produce efficient outcomes for both employers and employees.

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U.S. labor laws governing workplace governance systems have historically reflected the belief that there is a fundamental power imbalance between employers and employees, and that without regulation employers are more likely to prioritize their own profits over the well-being of their workers. Therefore, labor laws seek to ensure minimum standards for workers in areas such as wages, hours, and working conditions, and to provide workers with the right to organize and collectively bargain with their employers. While labor laws do not necessarily reject the benefits of competition in the labor market, they do recognize that minimum protections are necessary to ensure a fair playing field for workers.

US Labor Laws Governing Workplace Governance Systems Reflect the Central