A U.S. Congressman is advocating for enacting an embargo against Livonia, whose corporations use child labor...
A U.S. Congressman is advocating for enacting an embargo against Livonia, whose corporations use child labor in the manufacture of many of the nation's goods. If such an embargo were to be enacted, what would likely happen to the child laborers?
Homework Answers
An embargo will reduce the demand for the goods that livonia is exporting to the US, this reduced demand will lead to a lower price of the good and at a lower price the wages of this child laborer will fall. they will be much poorer condition that they are right now,
Many may lose their jobs and some industries will be shut, but this will no where increase the wages and allow the firm to employ adult laborers who may charge a higher wage for the same work. overall the living condition for the child laborers will be worse.
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