Abstract
The labour market is undergoing changes in structural transformations in the world economy, globalisation and technical progress and the development of computer techniques. The process of deregulation is inextricably linked with economic transformations in the world and is a response to the faster pace of these transformations. Those changes provide an additional competitive edge to business and national economies, but also create problems with the social security of persons employed on flexible terms. The labour market must be deregulated so that market participants can adapt to the changes resulting from new needs and economic threats. Flexible solutions, and in particular diverse forms of employment contracts, allow employers to react more quickly to changes in the business cycle and structural changes in market demand. While many firms have a flexible work policy, they continue to reward face time and full-time work. On the one hand, new flexible forms of employment may bring about a chance to enter the labour market. However, there can be no doubt that these new jobs are precarious and contain new risks, implying as they do low wages and a low level of social protection or indeed no protection at all. Labour market deregulation is therefore a necessity which the modern economy must contend with ‒ because without a flexible attitude, no market is able to rise to the challenges of its time.
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