Most teenagers won’t be working this summer, reports Ben Steverman onBloomberg News. The summer job has gone from rite of passage to passe.
In 1988-89, nearly 70 percent of 16- to 19-year-olds had summer jobs or were looking for a job. That fell to 53 percent in 2006 and 43 percent in 2016.
Fewer teens are working during the school year, reports the Bureau of Labor Statistics. Teen labor force participation peaked at 57.9 percent in 1979, fell to 34.1 percent in 2011, and is projected to drop below 27 percent in 2024.
(Teens are) being crowded out of the workforce by older Americans,…
Continue reading at: