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    Forums ›› Main ›› Economics ›› I bet getting rid of Child Labor laws will grow our economy.  


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noob_trad3r
 

Registered: Nov 2008
Posts: 1741

 

10-17-12 06:26 PM

http://www.dailytech.com/Foxconn+Sa...rticle27952.htm

I bet we would get factories back in the US if we get rid of child labor laws. We cannot compete with China since they can hire kids to work in factories and we are not allowed to do so.

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CT10Gov
 

Registered: Sep 2012
Posts: 438

 

10-17-12 06:31 PM

Why not just get rid of unions?

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BlueTurtle
 

Registered: Feb 2012
Posts: 569

 

10-17-12 06:51 PM

I say kids can work as young as 6.

Then get rid of all drug legislation.

Also pimp out everyone, as long as it's taxed.

fine everyone who jaywalks.

if you speed, your car is repoed.

charge $5 per email

charge $100 per oxygen

and do random house checks, taking all valuables.

yes!!!!

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Bob111
 

Registered: May 2002
Posts: 6470

 

10-17-12 06:53 PM

http://www.youtube.com/watch?v=Z0xVojIYA-o

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logic_man
 

Registered: Oct 2010
Posts: 1489

 

10-17-12 07:01 PM


Quote from noob_trad3r:

http://www.dailytech.com/Foxconn+Sa...rticle27952.htm

I bet we would get factories back in the US if we get rid of child labor laws. We cannot compete with China since they can hire kids to work in factories and we are not allowed to do so.



No, the future of manufacturing in the US is going to trend toward robots so advanced they don't need to be dedicated to just one task, thus becoming more like an infinitely trainable human worker. Ironically (well, not to me, who could see it coming a mile away), Obamacare will accelerate this trend by making human workers more expensive due to loading employers with additional health insurance mandates. This is why I applaud the CEOs who told their workers not to vote for Obama. If Obama is reelected, anyone seen smiling the day after the election should be laid off immediately.

Basically, though, robots are going to put anyone working with their hands (with the exception of extremely, extremely skilled craftsmen) out of work. Even there, in a decade, you won't be able to tell a robot-created item from a hand-crafted item. Your best guess will be that the hand-crafted item will have more imperfections, but robots can probably be programmed to create random imperfections, too.

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clearinghouse
 

Registered: Aug 2010
Posts: 572

 

10-17-12 07:03 PM


Quote from noob_trad3r:

http://www.dailytech.com/Foxconn+Sa...rticle27952.htm

I bet we would get factories back in the US if we get rid of child labor laws. We cannot compete with China since they can hire kids to work in factories and we are not allowed to do so.



One day, on the trading desk, I said this to a guy and he basically called me a barbaric nazi nutbag living in a fantasy world. And that was from a trader who, obviously, on one level or another loves capitalism. He was genuinely pissed I even believed such things.

But my core point was that, the way things are now, children have no appreciation of education. I mean, the choice between laboring and getting education should be a choice we should all have to weigh out in our heads at some point. If we're sent off to school in our "back to school" fashions with cell phones in our pockets, the value of education may not be appreciated so much -- we have no alternatives to really assess the true value of our privilege.

So, ultimately, I think child labor should be left at the discretion of the parents; however, if a child wants to go to school after making a serious decision to accept school, it makes sense to invest in him/her on some level.

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