The bill eliminates a requirement that the state verify the age of children under 16 before companies can hire them.
@PolandIsAStateOfMind
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Oh boy. I won’t tell you to read “Capital”, but if you want to understand terms like “profit margins” or “variable capital” and it’s relations to capitalism, and also about the “Imeprialism: th highest state of capitalism” (that’s about monopolies, and this one is Lenin’s book) you should get right in. Or at least see one of numerous reading guides for marxism.

Very short and unadequate explanation: profit margins are the relation between profits and invested capital, the trend is that profit margins are historically falling averagely when the absolute amount of profit might be record at the same time.

Competition - i mentioned competition because it is easier to understand how capitalism is developing itself (and it still exist in various sectors or places locally) - capital tends to concentrate, whomever is not either monopoly or cutting edge of the profit margins gets marginalised and eventually eaten by competition. But major sectors of economy in US are effectively monopolies for decades now.

Savings on the variable capital are savings on labour costs. This can occur in many forms - intensifying productivity, longer hours, pay cuts, safety cuts, etc. etc. Also of course children labour, since you pays children less. If you look at history of labour laws, every positive change always required labour movement to fight for it, and/or have external pressure (like the establishment of socialist countries and revolution threat had significant impact over labour laws in Europe and even US).

Currently the labour movement is weakest it had been in maybe 1,5 century, and capitalism is nearing yet another point of crisis (probably worst since Great Depression, some even predict worse) so of course you do have things like children labour being considered and attempting to implement.

It doesn’t make sense to answer a question with another random sequence of words. I end this conversation now.

krolden
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Lol “I dont understand so I’m going to flip over the table and leave”.

@PolandIsAStateOfMind
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I tried to explain it to you, because otherwise i would have to just answer “Read Marx”.

Anyway, thanks for openly stating you’re not here in the good faith, you saved me quite a lot of time.

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