This study explores the child laborer’s status in terms of socio-economic deprivation which is considered important in measuring the well-being of life. The prime objective of the study is to investigate the nature‚ causes‚ and magnitude of the problem of socio-economic deprivation‚ and intends to unfold the intricacy behind the deprivation closely related to child poverty, vulnerability, and marginality in terms of health, education, living standard, social relationship and some basic amenities of life. In the study, a mix of qualitative and quantitative methods and tools for data collection and analysis were used. Findings of the study reveal that child laborers are severely deprived of their socio-economic rights promised them in the Convention on the Rights of the Child (CRC), through unwilling or forced involvement in a variety of low or unpaid jobs. From the results discovered, the study suggests that a combination of economic growth, respect for labor standards, universal education and social protection, together with a better understanding of the needs and rights of children, can bring about a significant reduction in socio-economic deprivation of the child laborer.