A good segment on Stossel, but David Boaz is just incorrect that “child labor” is not an issue in rich countries. Millions of kids (age 10-15) in this A+ country want to work but cannot work because of child labor laws combined with minimum wage. I would say that the absence of child labor is actually a very serious cultural and economic problem. During formative years, people are denied very valuable experience in the workplace where they would be learning real skills, interacting with customers and adults, handling money, becoming independent, defining themselves in a productive way, and other tasks that will one day be essential to life functioning. Instead we stick them in tax-funded desks or maybe let them run around with balls on fields. When they turn 22 or 25 and encounter life for the first, they can’t adjust or, these days, they can’t get jobs because jobs are reserved for those who can actually do stuff. So they move back home and try to prolong their work-free childhood as long as possible.
Source link: http://archive.mises.org/18207/blocks-defense-of-child-labor/