Recently, a lot of readers have been sending me links to articles that deal with unemployment, youth unemployment, underemployment etc. I love the wealth of information and I always review every article and look forward to sharing it with you! So please keep them coming email@example.com!
From US Bureau of Labor Statistics data
Today, I wanted to talk about an article in the New York Post that was sent to me. The article discusses the 24.5% teenage unemployment rate. At first you might think, as I did, that the teenage unemployment rate is not a huge deal. Teenagers don’t have families to take care of and they are (usually) supported by their parents. So, what is the big deal if there aren’t a lot of teens employed? Then, this paragraph caught my eye:
The economic malaise since 2008 has perhaps created a lost generation of sons and daughters missing out on career growth and development because of their inability to get a first job.
I started thinking about my first part-time job. At 16 my parents informed me that they could no longer afford my social life (gas, movies, going out to eat with friends etc.) and, if I wanted to keep my social life I would have to find a part-time job.
I remember that I was a nervous wreck for my first job interview with Dairy Queen and I had no idea what to wear or say. I was thrilled when I got the job and I learned a lot from the experience. I learned how to work with people of many personality types and who were from very different backgrounds. I learned the value of money and about sharing my paycheck with Uncle Sam.
This job was an extremely productive way to use my time and energy and I made a lot of new friends. Sure, it was no fun to clean the bathrooms or mop the dinning area but these tasks pushed me to work hard at school so I wouldn’t have to do this type of work my whole life. This realization relates to another part of the article.
“…job-holding in the senior year is associated with substantially elevated future economic attainment, whether the latter is measured by earnings, wages, occupational status or the receipt of fringe benefits,” said economist Christopher Ruhm.
I definitely agree with this statement based on my personal experience. I’m glad that I got my chance to work part-time jobs and learn and grow. Although, with the way the economy is looking, I may be back at Dairy Queen mopping floors anyway!
Youth Unemployment Cartoon
What do you think about teenage unemployment? Did you have a part-time job that you feel helped you grow and mature?