Flexicurity in response to the new labor market architecture
Flexicurity in response to the new labor market architecture

Summary/Abstract: Flexicurity, which has become a key element of European labor law policy, seeks to establish a harmony between flexibility and social security, providing what is best for the "two worlds." The European employment regulation was considered too strict by policy-makers, which led to policy recommendations to promote a more flexible labor market. The diagnosis has also been confirmed internationally in the period following the 2008 economic crisis. High protection on the labor market is now considered harmful and also responsible for the increase in precarious jobs, as well as increase in social costs. Debates should turn away from the deregulation and re-regulation of inclusive labor market measures and focus on regulation as an important mechanism to ensure a level playing field between capital and labor but also between workforce groups. Moreover, segmentation of the labor market, seen as a significant division between secure and unsecure jobs, is linked to issues such as macroeconomic efficiency, workers' welfare and repercussions for social cohesion. Therefore, the present paper aims to analyze the role of flexicurity as a direction in restoring the employment policy order.

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