Principles of Macroeconomics / Unit 17 MAC 1624 short lesson, about 20 seconds
Labour Standards
Captions available
The idea
Two questions get argued as one. Child labour, forced labour and abuse of workers are near-universally rejected. Wages and hours far below rich-country norms, where the worker's realistic alternatives are worse, is a different question.
In practice
The useful question is what enforceable minimum standards should hold everywhere.
Where people slip
That differs from whether to restrict trade, and the course reaches no verdict.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
Builds on
Unlocks
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