Your teenager, or your child’s teenager, can’t get a job these days. Any job.
Employment for teens is down to 25%.
Only about 25 percent of 16- to 19-year-olds currently are working, a drop of 10 percentage points from just five years ago, according to the Bureau of Labor Statistics.
The percentage of teenagers who have jobs, expressed as the ratio of employment to population, hovered between 40 and 50 percent for much of the 1980s and 1990s. The percentage began dropping about a decade ago, but the declines have been especially steep since the beginning of the Great Recession in late 2007.
Teens have stopped looking for work. This is now a trend. It is 12 years old.
Jobs are going to adults, who are desperate for work. The adults will stay on the job after August. They are lower-risk employees than teenagers.
If a teen can’t get a job, what should a parent do? It’s obvious to me. The teen should get a used college level textbook for under $20, and study to pass a CLEP exam. If he passes, he gets full credit at many colleges. That will save his parents a bundle.
Take three CLEP exams in August, and save a much bigger bundle.
It is possible to quiz out of the first two years of college.
I hired a young man who quizzed out of college entirely. He earned his accredited B.A. degree on his 18th birthday.