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(page 124 of 688)
"10.
In Smiths time, apprenticeship had to last around seven years. Smith heavily criticizes this. He thinks, that it is not necessary to teach rather simply things for such a long time. This 7-year-Regulation leads to less workmen -> less output -> under stocked markets. The regulation also helps employers save money.
He states, that the regulation doesn’t ensure loss of quality, as it derives from fraud mainly." — Feb 14, 2026 04:56AM
"10.
In Smiths time, apprenticeship had to last around seven years. Smith heavily criticizes this. He thinks, that it is not necessary to teach rather simply things for such a long time. This 7-year-Regulation leads to less workmen -> less output -> under stocked markets. The regulation also helps employers save money.
He states, that the regulation doesn’t ensure loss of quality, as it derives from fraud mainly." — Feb 14, 2026 04:56AM
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