Answer: After analyzing the costs and benefits, I would pass the bill that ends child labor. Economically, the state of our country lies in the hands of these children. If they are not educated now, they will have difficulties advancing and helping society. Children need to be able to socially interact with other children. They also need to grow in a healthy lifestyle. Working in factories does not provide an interactive and healthy lifestyle. Politically, it seems to make sense to support those with money to help ensure my reelection. However, if this bill helps the greater good of society, then perhaps I could gain a larger support base.
The costs of passing a bill that prohibits child labor is precisely that all the labor that children could have provided for the economy is forgone. So in pure economic terms, there is a loss of value, a sunk cost.
However, the benefit is both economic, and social. The economic benefit is that children will instead go to school, and educate themselves to become more productive workers in the future. And the social benefit is a fairer society, and wealthier too.
