Teen Summer Employment Going Extinct
It's used to be common for teenagers to have a summer job, but it looks like it's increasingly becoming a thing of the past. The financial website NerdWallet says that while a generation ago, some 75 percent of teens had a summer job, Bureau of Labor Statistics data shows that it's now down around 40 percent for 16-to-19-year-olds, the continuation of a decades-long trend. What's the reason for the decline? NerdWallet says that part of it is that the kind of jobs available for teens is shrinking as older workers are taking fast food and retail store jobs amid the loss of low-skilled factory jobs and underemployment.
Another factor likely is that more students are going to summer school, involved in extracurricular activities and volunteering. But it could be that they just don't want to work, with recruiting firm Challenger, Gray and Christmas saying the number of teens who don't want to work is steadily increasing, partly because some don't want to work in minimum-wage jobs.
These teens could be hurting themselves down the line, however, as a recent Drexel University study found that job experience in high school boosts future income by 20 percent to 25 percent a decade later.
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