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Capitalists love larger worker pools; more workers mean more competition over the few available jobs, meaning the lowest possible wages, which equals the maximum amount of profit.
https://www.commondreams.org/opinion/child-labor-laws-repealed
Common DreamsThe Plague of Child Labor Lives AgainA striking number of U.S. lawmakers are undertaking concerted efforts to weaken or repeal statutes that have long prevented (or at least seriously inhibited) the possibility of exploiting children.