The disadvantages of child labor include: susceptibility to abuse, low pay rates, hazardous working conditions and illegal work, such as drug trafficking, child prostitution and human trafficking. Additionally, the educational development of child laborers is often stunted by the limited access to school time and other educational opportunities. According to the ILO conference report of 1996, child labor is the single most important source of child abuse and exploitation.Know More
Child labor is the employment of minors in any labor industry, particularly when it is illegal or exploitative. The ILO defines hazardous child labor as work that by its nature or the circumstances in which it is carried out is likely to harm the health, safety or morals of children. A couple examples include slavery, the use of child soldiers, prostitution and drug trafficking. The effects of these forms of child labor are traumatic, and they include long-term health and psychological problems for the children involved.
The ILO conducted a research in 26 countries, where they discovered that one-quarter of all child laborers suffer injuries or illnesses on the job. In the United States, businesses that employ a large number of child workers tend to generate more occupational injuries than industry average. One of the plausible reasons is that child laborers often work in unskilled types of jobs, which are dangerous and high risk. Since many child laborers come from poor family backgrounds, poverty-related problems, such as general poor health, often aggravate the risks, leading to exponential injury rates among child workers.Learn more about Economics
The definition of free labor ideology is the belief that labor should result in independence and wealth distribution. Free labor ideology is a term used to refer to the differences between the Northern and Southern economies during the nineteenth century. A common misconception is that free labor ideology refers to the economy of the South at that time. However, the term refers to the economic opportunities in the North during that period.Full Answer >
Fordism was a production process that focused on economical mass production by unskilled laborers who performed the same routine assembly-line tasks. One of Henry Ford's philosophies was to pay workers above-standard wages on the premise that people work to make money and to keep their jobs.Full Answer >
The labor force participation rate is calculated by adding the number of the noninstitutionalized and nonactive military duty population between the ages of 16 and 64 who are employed or who are looking for work. The United States Department of Labor's Bureau of Labor Statistics (BLS) bases the labor force participation rate on Census Bureau population projections.Full Answer >
The disadvantages of centrally planned economies include the inefficient distribution of resources and the suppression of economic freedom. Centrally planned economies are generally associated with dictatorial political states.Full Answer >