Which of the following is TRUE of the effects of employment protection laws?

Question

Quizplus · Accepted Answer

Employment protection laws create employment security for workers with a job. These laws generally make it more difficult for employers to lay off workers or dismiss them without cause, which can provide workers with a greater sense of job security. However, this can also lead to reduced flexibility in labor markets and potentially higher unemployment rates for certain groups, such as young or minority workers, who may face greater barriers to employment. Overall, the effects of employment protection laws are complex and can vary depending on a range of factors.

Which of the Following Is TRUE of the Effects of Employment