Explain why is it so easy for entrepreneurs to fall into the high growth trap, even when growing fast may have negative repercussions on their companies. What are the risks, and the benefits, to entrepreneurs who use debt capital (leverage) to finance their companies’ growth?
helping their families, they were also hurting themselves by not enrolling in school. Many children did not enroll in school due to the intensive hours at work and the times they had off they most likely wanted to relax. As a result, it contributed to uneducated American society since the majority of them were made up of the lower middle class. This grew into an illiterate adult generation because it was very challenging for them to move from one social level to another due to financial instability as well as education. Finally, to put an end to all these issues, the government made sure that the third law which was the Fair Labor Standard Act was strictly passed in 1938. This law restricted child labor and was designed to protect the educational opportunities of the youth by making sure that children under the age of 16 were restricted from working in dangerous jobs such as the factories. However, children under the age of 14 and 15 could still be employed as long as they were outside of school and their jobs were not hazardous. The Fair Labor Act also ensured that children were paid for overtime and time and a half. All these regulations made sure that children would have better health and prosperous future along the way. In spite of all these efforts to end child labor, in recent years, child labor still occurs in other countries. For example, in India, about 70 to 115 million underage children are being employed, and almost half of those children do not receive payment for their labor. India is home to the most significant number of child labors in the world. Due to the high level of economic crisis in that country children are being exposed to a higher risk than adults. Most of the children who are working in child labor belong to a low caste system in Indian. The caste system is a huge factor in the social condition of a family. Due to this factor, many children are forced to leave their homes, and many recruiters go into those villages in search of cheap labor. This is unjust because, at this particular stage of development, their mental and physical capacities are still being formed. Therefore, they are more vulnerable to accept any job offer. Although in 1989 India adopted the United Nations Conventions on the Rights of the Child in an agreement to treat children fairly, equally and with dignity. These laws were violated by the business owners. Under this same laws, many under-aged children were seen sitting for more than 18 hours packing cigarettes. Under this same laws, the right to develop all children, the right to all education, and the right to play were all denied under the authority of a government who did not strictly enforce and monitor these laws. Child labor infringes on the rights of a child to fully express themselves against any exploitation and abuses. Furthermore, about 80% of these children were working in the agriculture sectors in India whiles others were working for other households as domestic child labor. Most of these domestic workers face physical, emotional and sexual abuses from their employers. Some owners even hide the children in sacks and will beat them up until he or she was fully satisfied. According to NY Times, many children were often slapped and beaten with leather belts. But yet no parent, not even the child could speak up against this violence because the child was bonded to that family and he/she was >GET ANSWER