A great article by Mark Trumbull, passed on to me by friend Brian about the shrinking job market for teenagers. It highlights many of the issues we have touched on before; more competition for jobs, less interest from employers, cut funding for federal work programs. But it elaborates on these issues and makes some other important points.
This whole article is a must read but some highlights.
"How do you learn [to work]? You spend time in the workplace," says
Andrew Sum, an economist at Northeastern University in Boston. "Fewer
kids are getting serious work experience during their high school
years."
Consider one measure of the youth labor market, the share of 16- to
19-year-olds who are employed each July. Typically this number, as
tracked by the federal Bureau of Labor Statistics since 1948, has
reached above 50 percent. But the ratio began falling in 1998, dipped
below 50 percent in 2002, and has spent the past four summers below 45
percent.
The pattern in summer is echoed year round. As of May, for example,
the same ratio of employment to population stood at a six-decade low of
34.6 percent, after an adjustment for seasonal fluctuations.
The trend is partly a story of changing choices by teens and their
parents. Many, especially in upper- or middle-class neighborhoods, have
decided that academic or volunteer activities may look better on
college applications.
A newly passed rise in the federal minimum wage, which takes effect in
July, will make employers think twice before opening a position for
unskilled help, many economists say. These economists don't necessarily
see the minimum wage as bad policy, but some say government subsidies
are needed to help young people connect to the world of work.