layoffs, etc). At the same time, employees are the sole owners and producers of labor so they are free to choose where their labor is the most personally beneficial (wages, working conditions, benefits, etc.).
             Another argument in support of EAW that the author Epstein proposes is that human beings are rational and know how to govern their own interests. Clearly, no individual is going to enter into a contract that leaves him or her worse off than before. EAW offers both sides equality in monitoring each other's behavior. This practice gives the employer and employee flexibility if they where to observe inappropriate conduct or noticed a problem that needed to be corrected. EAW is also a way to reduce reputational losses, which are adverse economic consequences that result from bad choices. For example, harsh firing practices by the employer and unproductive work habits by the em
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