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Generally speaking you cannot correct the mistakes of a market with regulation, which end of being some form of more or less complex wage and price controls, or outright rationing.

So you're in favor of allowing child labor?

So you’re in favor of allowing child labor?

There are always trade offs. Whose responsibility are the children in the first place, do they belong to the government?

We now seem to be entering an age when children are forbidden to work many jobs until they are 18 and unable to learn a trade while still of school age. The government continues to crack down on children helping on family farms. Even many college graduates struggle to find a job. If the democrats have their way and raise the minimum wage, even fewer young folks will be able to get a job.

I would argue that there is a definite need for government regulation to be kept at an absolute minimum. Child labor might be a good start and probably a good end to the regulation.

Ronald Reagan instead of trying to use the regulatory power of government to force prosperity (how that hope and change working); instead he helped free the economy to build prosperity.