Unpleasant low-wage work (peddling on credit, immigrant menial jobs, child labor in 1910) was part of a dynamic set of incentives in a growing economy that allowed families to advance across generations; making such transactions illegal would have harmed the very people it intends to protect.

causalpending

Speaker

Russ Roberts

Evidence Quote

it was part of a dynamic set of incentives that in a growing economy allow people in there and their kids

Source

Mike Munger on Exchange, Exploitation and Euvoluntary Transactions 06/20/2011EconTalk
Created: 6/17/2026, 10:09:19 AM

My Notes

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