Just one in three teens in the U.S. worked or looked for a job in January, a since 1948 when the Labor Department data starts. That lack of on-the-job experience could cost future workers, who may lag behind on basic skills their parents developed waiting tables or running registers, some economists say.
Why would teenagers choose to not be in the labor force? The obvious answer is that the unemployment rate is so high that workers are discouraged and dropping out of the labor force. Many don't want to search for a job when 25% of those who are actively looking can't find one.
And why is the unemployment rate so high? Clearly the minimum wage is the biggest reason. (See here for previous blog post on the issue.) Unfortunately, this Bloomberg article didn't once mention the minimum wage.
Forgone starter jobs probably won’t cost those who earn a college degree, said Harry Holzer, a professor of public policy at Georgetown University in Washington, and former chief economist at the U.S. Department of Labor.
“If you’re going onto college anyway, especially a four-year college, and the job you would have is serving up pizza slices, then you’re not missing out on anything important,” he said.I disagree with this. Further, this is demeaning to those who are "serving up pizza slices". Those individuals, along with people who work jobs like what I had, at a fast-food restaurant, learn to show up for work when required, to answer to a boss, to deal with customers, and how to be responsible. These are skills that are crucial to career success, and not having these skills can set back a college graduate dramatically in his/her quest for a promotion and career advancement.