(This is an archived page, from the Patterns of Power Edition 3 book. Current versions are at book contents).
Economic regulations may include some safeguards to protect employees, as socio-economic rights:
· Most countries operate a minimum wage policy (3.3.3.3).
· Health and safety regulations protect employees.
· Employees may be entitled to a period of notice before terminating employment, and they may also be entitled to redundancy payments.
These regulations all impose a cost upon employers, so they affect the operation of the labour market.