
Originally Posted by
emow
1. The results will be slow but at least it is going towards liberty. Afterall, the politics of man is only of two extremes, slavery and liberty, choose which one you want to go. The quality of leadership will slowly be unrelated to the economy. As social programs will be removed, so too will the size of government. The government will only be limited to national defense, protection of natural rights, and enforcement of contracts. A complete separation of the State, Church, and Economy will be most ideal. If we cannot achieve it totally, at least we should be as close to that ideal as possible.
2. Yes, indeed you have some points. But the ill effects of the enforcement of these laws are much more worse. If parents will prostitute their children, they will still be answerable to the law even with the absence of the Child Labor Act. Many entrepreneurs are the result of business experience while they were still young. People who are poor cannot go to school back then, but they can apply for jobs. Yes, their jobs maybe miserable but many of them develop the entrepreneurial spirit from their experience with hands on business in the real world. That has propelled many out from poverty, not solely attributed to education. With the Child Labor Act in place, many OSY are on the streets, prone for bad influence. They have opt to spend their time mugging other people, harassing other people, and stealing from other people. Heck, they are even in hired-to-kill business now, because there was no other way for them to get employment.
Minimum wage is anti-business, and anti-employee as well. For start-up businesses, fulfilling the minimum wage can be very difficult and many opt to forego of their plans to do business in this country. It is anti-employee as well, because it makes employees stay as employees much easier than for them to start their own businesses. The entry barrier is so high that employees rather stay in their job, or get fired and stay on the streets. The minimum wage discriminates, indirectly, with the illiterate people. Businesses will now screen all employees with their academic record to suffice the minimum wage they would pay. Cost-Benefit analysis even on jobs that would not really require a high level of education.
The labor unions are anti-employees as well and anti-business. These unions only care for their members and the welfare of their memebers. They don't usually care for outside employees,in fact, they will block the business from hiring outside employees. There will be employees being discriminated and they get involve with the decisions of the business which is a violation of the right to property, in principle.
It will not be fine for Children working 48 hours a week but it will not also be fine for children to be 24/7 in a gang. Choose.