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Child labor in the United States was a common phenomenon across the economy in the 19th century. Outside agriculture, it gradually declined in the early 20th century, except in the South which added children in textile and other industries.
The main law regulating child labor in the United States is the Fair Labor Standards Act.For non-agricultural jobs, children under 14 may not be employed, children between 14 and 16 may be employed in allowed occupations during limited hours, and children between 16 and 17 may be employed for unlimited hours in non-hazardous occupations. [2]
Nepo baby, short for nepotism baby, is a term referring to someone whose career is similar or related to the career their parents succeeded in.The implication is that, because their parents already had connections to one or more specific industries, the child was able to use those connections to build a career in those industries.
Industry plant is a pejorative [1] used to describe musicians who become popular through nepotism, inheritance, wealth, or their connections in the music industry rather than on their own merits. Artists described as industry plants often present themselves as independent and self-made, but are alleged to have their public images manufactured ...
For all providers, the largest expense is labor. In a 1999 Canadian survey of formal child care centers, labor accounted for 63% of costs and the industry had an average profit of 5.3%. [63] Given the labor-intensive nature of the industry, it is not surprising that the same survey showed little economies of scale between larger and smaller ...
An industry executive points out that girls have entered the "tween" phase by the time they are 8 years old and want non-traditional toys, whereas boys have been maintaining an interest in traditional toys until they are 12 years old, meaning the traditional toy industry holds onto their boy customers for 50% longer than their girl customers. [34]
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Economists may regard the manufacture of vehicles as a foundational industry and as a bellwether industry. [1] In macroeconomics, an industry is a branch of an economy that produces a closely related set of raw materials, goods, or services. [2] For example, one might refer to the wood industry or to the insurance industry.