any 2 advantages of flexiblity in labour laws
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flexibility training provides a variety of benefits in delays or prevent the tendency of stiffen with age
it helps improve posture stretching it also essential for anyone striving for peak performance, because if flexible muscle can move more easily through it full range of motion
it helps improve posture stretching it also essential for anyone striving for peak performance, because if flexible muscle can move more easily through it full range of motion
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Advantages of Flexible Labour Markets
Firms will be more efficient and competitive. Flexible labour markets help keep costs down for firms. For example, firms can get rid of surplus workers. This may help prevent the firm go bankrupt and protect jobs in the long term. Arguably with globalisation, it is increasingly important for firms to remain competitive within the global economy.
Increased trade. With lower labour costs, there could be an increase in output and exports. There could be a lower rate of natural unemployment and lower inflation.
Greater choice. Many workers will prefer flexible employment patterns because it suits their lifestyle and offers a greater range of choice.
Increased labour market participation rates. Flexible labour markets have played a role in increasing female participation rates.
May encourage inward investment. Multinational firms may be attracted to invest in countries with more flexible labour markets, creating jobs in the first place.
Lower rates of structural unemployment. Arguably countries with restrictive labour market practices, such as France and Spain have experienced higher rates of structural unemployment. The UK and US with more flexible labour markets have experienced a lower natural rate of unemployment.
Stabilises economic cycle. In boom times, a flexible labour market can be responsive to demand labour (e.g. increased net migration). In bust periods, net migration falls, limiting the rise in unemployment.
Firms will be more efficient and competitive. Flexible labour markets help keep costs down for firms. For example, firms can get rid of surplus workers. This may help prevent the firm go bankrupt and protect jobs in the long term. Arguably with globalisation, it is increasingly important for firms to remain competitive within the global economy.
Increased trade. With lower labour costs, there could be an increase in output and exports. There could be a lower rate of natural unemployment and lower inflation.
Greater choice. Many workers will prefer flexible employment patterns because it suits their lifestyle and offers a greater range of choice.
Increased labour market participation rates. Flexible labour markets have played a role in increasing female participation rates.
May encourage inward investment. Multinational firms may be attracted to invest in countries with more flexible labour markets, creating jobs in the first place.
Lower rates of structural unemployment. Arguably countries with restrictive labour market practices, such as France and Spain have experienced higher rates of structural unemployment. The UK and US with more flexible labour markets have experienced a lower natural rate of unemployment.
Stabilises economic cycle. In boom times, a flexible labour market can be responsive to demand labour (e.g. increased net migration). In bust periods, net migration falls, limiting the rise in unemployment.
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