Reference no: EM133193947 , Length: 15 pages.

Assignment: Human Capital Theory and Child Labor

Requirements:

1. The paper should be analysis of child labor from the prism of Shultz' human capital theory.
2. It should not argue what Shultz would have said but what the human capital theory approach would say.
3. The Job of this paper is to try and answer- What is child labor through the prism of human capital theory?

Possible Thesis:

This paper will look at the issue of child labor from Shultz's human capitol theory standpoint (using various examples and comparisons such as the idea of ‘stocks' and the farm example) considering whether or not using younger generation in various areas of work/labor is an "investment" (human capital theory approach).

Outline

I. Introduction

1. Thesis
2. Shortly mention the case (Nutella's parent company used farms with child labor)
3. Mention main points of argument

II. Body

1. Nutella child labor case

In 2019, a BBC investigation of Nutella's parent company unveiled that some of the hazelnut farms in Turkey used children for physical labor (e.g., hazelnut picking and loading goods). The vast majority of workers were Kurdish immigrants who do not have other working options. To top it all off, the company would pay their workers no more than $13 a day.

2. H.C.T. perspective on child labor: who we consider a child? Can child labor be beneficial? What is the effect of child labor on future capital development? Can a working child be efficient? (5-6)

3. Difference between labor and investment? What kind of labor would human capital theory would consider beneficial/investment (3-4 pages)

III. Conclusion (0.5-1 page)

1. Restatement of thesis
2. Conclude the paper.