The paper “ Labor Market Liberalization and Market-Like Structures” is an intriguing example of the case study on human resources. The labor market refers to the whole population of workers who have the potential and ability to work in the job market at a given time. This population must be willing and able to work meaning that they should have the qualifications and skills to work (Trachtman 2009). The labor market comprises of all these workers with the qualifications and willingness to work with the available jobs and wages. There are some forces that affect laborers in the labor market.
They include such factors as wages and labor laws that exist at that time in the market. These laws may negatively or positively affect workers in the labor market. Labor market liberalization and market like structuresLabor market liberalization refers to labor laws that govern the labor market in a certain country and at a particular point in time. Labor market liberalization laws ensure that there is a free market within the labor market in a country. It is through this market liberalization that the labor market has become free and made policies that favor the workers (OECD 2006).
This means that there are fewer regulations by the government regarding workers and the market is becoming more open than before. There has been the removal of regulations regarding workers making it better and easier for both workers and organizations. This includes such matters as wages of employees, hiring and laying-off, and firing workers from an organization. Labor market liberalization means that there is free movement of workers between organizations both within the country and outside the country without controls (OECD 2009).
This has brought about benefits to the workers, organizations, and countries because of the training of employees to ensure that they have the necessary skills to work in different organizations. These laws have also led to an increase in the wages and salaries of employees and an improvement in their working conditions to comply with them.
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