How Job Security Laws Destroy Jobs

Publication Date: October 1983

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Morgan O. Reynolds

Research Area: Labor

Keywords: Labor

Type: Report

Abstract:

Government measures to compel worker tenure and increase job security would diminish freedom, shrink the economic pie, redistribute income from the less-well-off to the well-paid, and increase centralized political control over economic activity. This last feature may account for the enthusiasm for industrial policy expressed by populist intellectuals and politicians. The names for expanding governmental control keep changing, but it is the same dead hand of government at the service of a coalition of the same organized interest groups.