Why should we believe that these kids would be better served sitting idly in school for several years? Isn't it better to get actual on the job training, learning an actual trade, making money to put food on the table?
Think about opportunity costs: An American child has chance XX% of becoming a white collar professional if they go to XX years of school. A Bangladeshi child has a significantly smaller .X% chance of becoming a white collar pro with X years of school (XX not generally available, presumably?). Thus is quite likely that it is simply irrational, a poverty increasing equation, to send these children to school for too many years.
Increasing the minimum wage actually harms the poorest and most vulnerable workers, by disqualifying them from gainful employment. Ditto child labor laws in extremely poor areas. All of this stuff about "educating your way out of poverty" is just magical thinking. It's as if the first world brain sees the obviousness of a situation, simply enters a "MUST NOT SEE" feedback loop, and then spits out "RAISE MINIMUM WAGE, INCREASE SCHOOLING, SEND IN THE NGOs" nonsense.
Think about opportunity costs: An American child has chance XX% of becoming a white collar professional if they go to XX years of school. A Bangladeshi child has a significantly smaller .X% chance of becoming a white collar pro with X years of school (XX not generally available, presumably?). Thus is quite likely that it is simply irrational, a poverty increasing equation, to send these children to school for too many years.
Increasing the minimum wage actually harms the poorest and most vulnerable workers, by disqualifying them from gainful employment. Ditto child labor laws in extremely poor areas. All of this stuff about "educating your way out of poverty" is just magical thinking. It's as if the first world brain sees the obviousness of a situation, simply enters a "MUST NOT SEE" feedback loop, and then spits out "RAISE MINIMUM WAGE, INCREASE SCHOOLING, SEND IN THE NGOs" nonsense.