Legislation provides guidelines and limits for the conduct of employees and employers, as well as penalties for failure to follow them. It is most important that both employer and employee rights be addressed equally, or you'll be left with one steamrolling the other.
On one extreme, you may wind up with employees so well-protected and employers so restricted that very little will ever be accomplished. At the other end of the spectrum, you will have employers taking everything they can get, leaving the employee with little or no recourse.
Here, I have found it interesting that we are considere an "at will" state. Employers may alter hours, raise or lower pay, or fire employees for virtually any reason, without prior notice. Quit a job without giving notice, however, and it is legal for them to reduce your final pay to minimum wage. Would it not seem more fair if the two week notice requirement went BOTH ways?
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