Eliminating Child Labour Makes Economic Sense

By ILO

The benefits of eliminating child labour vastly outweigh the costs, concludes a report by the ILO.

The report says that the benefits will be nearly seven times greater than the costs, or an estimated US$5.1 trillion in the developing and transitional economies. Child labour involves one in every six children in the world ad can be replaced by universal education by the year 2020 at a cost of US$760 billion.

The study is called Investing in Every Child, an economic study of the costs and benefits of eliminating child labour