The principle is fundamental and vital. Included in the
right of personal liberty and the right of private property
-- partaking of the nature of each -- is the right to make
contracts for the acquisition of property. Chief among such
contracts is that of personal employment, by which labor and
other services are exchanged for money or other forms of
property. If this right be struck down or arbitrarily
interfered with, there is a substantial impairment of
liberty in the long-established constitutional sense. The
right is as essential to the laborer as to the capitalist,
to the poor as to the rich; for the vast majority of
persons have no other honest way to begin to acquire
property, save by working for money.
[Coppage v. Kansas, 236 U.S. 1 (1915)]
[emphasis added]
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Coppage v. Kansas