> What if I want to quit?

Is there supposed to be a catch here? If you want to quit, then you should be allowed to quit.

To make it explicit: in the vast majority of the developed world, the individual employee's autonomy is given priority. Companies still have broad discretion when it comes to firing; they're simply held to a higher standard of justification than "we don't like you anymore."

Of course you can quit. The power imbalance is mitigated in other countries by making it hard to terminate without cause and on the other side you will have to give more notice when you quit. In Germany when I lived there it wasn't uncommon to have a contract that let you quit your job with 3 months notice or even 3 months from the beginning of the next quarter, things like that. Sure that's inconvenient for some but it's a good trade-off for others.

Indeed and it's worth mentioning that when every job has that sort of notice period it's less of an issue than you might think. Not to mention there's always room for negotiation with these things.

The same termination periods for both parties, e.g. 3 months to quarters end, or month end. And you are very far from anything even remotely resembling command economy. Unless of course most of the developed free world, excluding the US, is communist command economy in your eyes.

A compromise if not a great solution, but it is a decent solution.

This compromise does make sense in a slightly unchanging economy.

Also, if you have highly sought skills this is a detriment, if you have skills that are not in demand, then this is nice to have.

When everyone has the same periods, they don't matter. For e declining economy, we have various forms of state sponsored half unemployment, meaning that you work less while keeping your job and the state sponsors your salary to a degree.

You can also always negotiate an earlier release. These periods offer stability for both parties.