'While conservatives will quickly and correctly point out that the child labor crisis is a result of border policy, it's as much, if not more, a consequence of Washington's addiction to easy money and deficit spending,' TianaTheFirst writes.
Contrary to the narrative that snowflake millennials caused the"Great Resignation," keeping the labor market artificially tight, a new study from financiers at the University of British Columbia determined that almost all of the drop-off from the labor force since the start of the pandemic came from boomers who cashed in on the Federal Reserve propping up the housing market.
The most obvious consequence of the Fed financing Uncle Sam's spending glut with ZIRP and quantitative easing is the worst inflation crisis in 40 years, with prices rising by nearly 16% since 2020. In response, the Fed has had to raise interest rates to their highest point in 15 years and destroy more than 2% of the money supply.
While teenagers taking a summer job is a trend that we should hope returns, the child labor trend is not about older children padding their resumes or saving for college. Increasingly, it looks like exploitation.
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