If you intend for this to be an argument favoring the regulation of employment, note that it also applies to regulating sexual activities (humans are notoriously irrational about sex).
Wikipedia>>>The "rationality" described by rational choice theory is different from the colloquial and most philosophical use of the word. For most people, "rationality" means "sane," "in a thoughtful clear-headed manner," or knowing and doing what's healthy in the long term. Rational choice theory uses a specific and narrower definition of "rationality" simply to mean that an individual acts as if balancing costs against benefits to arrive at action that maximizes personal advantage.