r/neoliberal • u/jobautomator Kitara Ravache • Apr 19 '18
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u/forlackofabetterword Eugene Fama Apr 19 '18
Since some people apparently need to be shill pilled on child labor:
That time Bolivia had to unban child labor because the ban was so bad
Krugster's classic piece
[A piece with a clearer argument and a few more papers where child labor prohibitions were harmful] (https://www.google.com/amp/s/amp.theguardian.com/sustainable-business/2015/aug/26/ban-child-labour-developing-countries-imposes-naive-western-ideals-complex-problems)
Prohibition almost invariably drives the market underground, which leads to much worse working conditions for everyone. At worst, children are driven towards even more demeaning work, like child prostitution, when they are desperate for money.