It is very clear that child labor is a macro economic problem, affecting the economies of every country. Various factors on the part of the employer and the employee, contribute to the existence of this problem. On the part of the employee, it is poverty which is compelling most of the children to seek venues which can give them their daily bread, at least. On a global scale, daily bread for every child, is also a macro economic problem, which forces them to go for labor work. Another reason, on the apart of the employee is the forcible means adopted by the elders from the family.
A very small percentage of children maybe opting for labor work because school stuff like the intricacies of algebraic equations and figures of speech of languages are beyond their mental abilities, however hard they try. Lastly, school education is not available at the door steps of every child, especially in the third world countries, and he opts to work instead of wasting his childhood years.
On the part of the employer, it is the cheapness of the availability of labor which is the major factor, contributing to the existence of child labor. This increases their profit, and who doesn’t like this ‘tasty’ pill known as ‘increased profits?’
It is wrong on the part of any developing country to argue that, abolishing child labor would deprive them of any comparative advantage. This is because there is no country where labor is not available. Underlying this fact, is a naked truth, and a major macro economic problem of unemployed youth. If children are not available for labor, then youngsters are always available. In fact such a law would set a stage for a society with good, strong foundation, because every child has enjoyed and utilized his childhood, to make him a matured adult.
The current world population stands at over 7 million, out of which around 26.3% is below the age of 15. According to International Labour Organization, more than 215 million children of this age group have been employed in various economic activities. Child Labour across the world ranges from petty domestic helps to workers in Hazardous industries and even prostitution. Its occurrence is ...
At a micro economic level, unless the tendency of every human being to make as much money as possible, is not controlled, the problem of child labor cannot be controlled.