Is Inflation Boosting Teen Employment?

Source: Foundation for Economic Education
by Dan Sanchez

“Summer is approaching, and the summer job may be coming back in a big way for teenagers. Working full-time over the summer—as well as part-time during the school year—was once a common rite of passage for teens. But teenage employment declined for decades as parents, teachers, and school administrators piled more and more academic demands on kids. But teen employment has been rising amid the pandemic. … Why are teens flocking back to work? Adults have not been so keen to keep a job, resulting in a labor shortage that has pushed up wages. That higher pay is surely one draw. Also, as the schooling experience has been persistently chaotic throughout the pandemic, teens and their parents may see a job as a welcome source of structure and learning experiences. Another factor may be inflation.” (05/09/22)