worker welfare Quotes
This is one of the earliest calls for the 8 hour work day.
This was an honest theoretical belief of Mises. However, most of the criticism of capitalism in the industrial democracies is precisely the lack of unemployment and sustenance for all. When it does, even complaints about inequality tend to be minimal. But some capitalist societies never provided these, and by the 21st century, no capitalist nation was able to do so permanently without recessions and depressions.
He in that same year then persuaded sympathetic MP, John Hobhouse, to introduce the first bill into the House of Commons regulating child labor in the mills. Considered radical in its day, forbade employment of children under the age of 9 from working in the mills, and then limited the hours that children from 9 to 18 to 12 hours a day. The bill was rejected with the same claims that have been made regarding child labor reform attempts ever since. It would slow growth, harm the economy, exacerbate the poverty of poor families and interfere with the parents right to bring up their children. It was not until after his death in 1861 that meaningful child labor laws were passed for the British mills.
One of his biggest opponents in this effort was Chancellor Otto von Bismarck-Schoenhausen, 1815-1898.