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Summer Jobs Disappear; Lazy Teens, Immigrants Blamed
Back in May, we highlighted a report which showed that across OECD countries, 35 million people between the ages of 16 and 29 are jobless. "Overall, young people are twice as likely as prime-age workers to be unemployed," the OECD said.
As anyone who follows the slow motion trainwreck that is the EMU knows, youth joblessness across the periphery is a disaster, with unemployment rates between 40% and 50%. And things aren’t great in America either. As nonprofit Generation Opportunity recently noted, "the effective (U-6) unemployment rate for 18-29 year olds, which adjusts for labor force participation by including those who have given up looking for work, is 13.8 percent (NSA)."
Against this backdrop, consider the following from Bloomberg, who bemoans the demise of the legendary "summer job" in America and offers three explanations for its disappearance.
Via Bloomberg:
At 41.3 percent, the July labor force participation rate of teens was the lowest for the month in the post-World War II period.
The teenage summer job has been going the way of telephone booths and the cassette tape for decades. The length of the downward trend has been masked by the fact that it's hard to tease apart teen summer jobs from teen employment more generally.
Looking at the jump in the labor-force participation of teens in July over the average for the school months, it's clear that summer jobs peaked in the mid-1960s and have been sliding since.
What gives?
1. This generation is lazy
Or, as Northeastern University labor economist Alicia Modestino puts it: "Some teens are doing other stuff" like coding camp, foreign travel or beaching it.
2. Typical teen jobs are drying up
"Think Blockbuster," said Modestino.
3. Teens face competition
Modestino and other labor economists believe that the single-biggest explanation for the decline is that teenagers face stiff competition for what were once summer jobs from other workers, especially immigrants.
So basically, the excuses for the demise of the summer job are i) laziness, ii) lack of available employment, and iii) immigrant competition.
Come to think of it, those three excuses are a pretty good explanation for all joblessness in America.
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Unemployed in gigs that have 1099s or W2s.
"Independent pharmaceutical distribution partner"
Because the cops will arrest them for mowing lawns without a business license
European youths with summer work visas tend to be white, articulate, healthy, and reliable. The domestic help less so.
Its all TRUMPS FAULT
When the judgement comes down on our times it will read: In their own ambition, in many ways from softness to brutality the end result was that they failed to make the proper investment in their greatest asset- their own children.
You haven't seen the ones that get left behind. They're white and too drunk/stoned to board an aeroplane.
Not the cops in my hood; too busy profiling.
Story-time: when I was working as a PO in a "distressed city" all of my fellow PO's had dual-income households, either by working second-jobs or income from a spouse. What stands in mind is the 40-Y.O. woman who ran a paper-route every-day before coming in to work her caseload.
You see, the position required a 4-year degree, but starting-pay was in the high 20's, and you didn't hit the 40's till 10-years one the job-- try paying-back student loans on that (I know, now you can serve 20 in service and load balances are forgiven-- if you've been current on your loans and making payments). It doesn't work.
From this perspecitve, those posters who bitch abour "gubnent workers" making bank can kiss my ass... ...one of the most fair and just PO's died onthe job-- keeled-over at his desk with a massive heart-attact-- and a job he only kept because it offered health-benefits for him and his wife that they couldn't afford on the private-market.
Me, I saw the trap and stepped-back-- traps, actually. I am no longer in LE for both personal and moral reasons... ...but I still do care.
I have no problem taking a baseball-bat to the knees of a revenue-rat or a rule-enforcer-- and god-bless those who do. But I want to see, wish to see, standing aginst me (when I am wrong) a John Wayne style peace officer, one who knows right-and-wrong,true moral and principaled Justice, and who's willing to do what is right. Against this officer, I will cede and surrender, and let the jury render it's verdict. And I will abide by their judgement.
In short, if I get into it with the cops or feds, it's professional, and not personal-- I'll keep it quick and clean: Old-School honor.
JP signs-out.
A lot of it has to do with the government, at all levels, interfering every way they can from educating them to putting idiot work rules on employers......
Their Parents or Aunts and Uncles took the jobs first.
Uhmmm...the kids say they don't want the jobs, so why not?
Please. Why take a minimum wage job anyway? There is almost no utility in the money earned. Its not like you can work a summer at a burger and fry place, earn enough in a summer to pay for a year of college+expenses. Not the same land of opportunity it was 30 years ago.
Prostitution. Male and female. After all, if your generation is going to be fuked the rest of your lives by the Fed fiat debt mafia you might as well learn early your slave function in life.
Fuckin A... show that education cost parabolic chart again!
And they want to write those debts off while still maintaining the inflated salaries of biased professors.
New american economics bullshit right there... maybe common core economics... same
Not immigrants... old people.
With unending inflation and a lack of savings or self-sufficiency, the American retiree becomes an extinct species.
And where are you spending your money? At businesses that utilize illegal aliens or sell imported goods? At some point saving a buck eliminates opportunities for those teens to prove themselves to be unlazy. Excessibe taxation, fees, and regulation do the same.
Way past that point now.The self reinforcing spiral down is an unstoppable spin.
Not unstoppable. Just that there aren't enough willing to do what it would take to stop it.
You would be very hard-pressed to find a business that doesn't rely on the exploitation of immigrants in at least some capacity.
More likely to do with the fact that immigrants will show up and work hard while teenagers may or may not and if they do will spend more time texting on their cellphone than working.
Stop trying to blame immigrants for your shitty parenting skills.
"Exploitation of immigrants", that's a laugh, its NOT exploitation when THEY COME HERE.
I love the idea that American kids should be born slave workers, that we should all have the work ethics of slaves...
Typical right wing nut thinking. Don't invest in building our kids, expect them to work on day one, or replace them with some identity thieving illegal from Mexico.
Your thinking, if you can call it that, is why we are in trouble in the first place, you don't want to invest in the future of this nation, you want everything on the cheap, selfish fucker. Bet you don't mind it when these same kids are fighting in our military, and when they return have to face the same useless illegals who have already sold their self-respect to corporate America...
In the new Amerika,,, parents care less about their childrens future AND the children wish their parents to die sooner to collect what their parents worked for.
34 dayz 'til doom
http://itsalmo.st/#doomroidtime
or, they're making more than their parents on Twitch and Youtube. I don't think small business ownership is considered "wages" or "summer jobs' in the stats.
Zombie jobs. Produce nothing of value. But, that said, some are raking it in, mainly because of free government money.
When you get 'free' money you don't care where you spend it or how stupid the expense is. There's always more coming in.
There is always space in Prostitution or drug running, oh yeah, foreigners have taken over that as well /s
I remember housewives hooking at Holiday INN salesmans bars evenings.
Long black market and barter. You can tell by the mileage...
Teens have fuckbook, mom and pop, and Iphones...no need for work.
Nice, take away the jobs, and blame the unemployment on children, fucking idiot.
Lazy is a criticism leveled at slaves; it applies to no one else.
The truth is that lack of motivation is created by lack of reward. Nobody wants to labor for free.
Best piece of advice I ever heard went something like this:
"Years of living have taught me a few things. No one wants to work too hard, everyone is trying to get rich/fame with as little as possible actual effort. Life is hard, a lot harder than you are lead to believe, and it only gets harder. You aren't special, but try to convice others you are so that you can command the best value for your time."
Best piece of advice I got was this
''It doesn't matter who the president is, make your own luck and way in life''/
Lack of necessity can also lead to lack of motivation. When the EBT card magically refills itself every month and dot-gov checks somehow keep appearing in your mailbox, you'd be crazy to get up off the couch, especially when you run the numbers:
http://www.zerohedge.com/news/2015-08-07/when-work-punished-ongoing-trag...
" Nobody wants to labor for free."
Nobody wants to labor period!
There,,, fixed it.
No one wants to say that me and grandma and grandpa took those jobs.
Duh duh duh. Yutes unite.
the summer of 1970, I worked packing pickles @ HEINZ. it was my 3rd summer of packing gerkins & slices & spears. HEINZ was having troubles getting a shipment of cucumbers to the factory, so work was delayed until the cucumbers arrived. every day i dialed that factory to ask, "have the cucumbers come in yet? is there any work?" ..... this went on for a few weeks & i desperately needed a job so i could pay for my tuition & books & dorm @ MSU.
one day the phone call came thru to me, the cucumbers have arrived & they were now adding a few more packing lines & the lady @ the HEINZ PICKLE FACTORY told me that i was the very first person they called to offer a job. I got the job, worked til the night before it was time for me to go to university. & i earned $2.64/hr packing pickles & my room & tuiition for me was $4/credit hour.
i sure was an idiot back then. i actually thought i had to work hard every summer, deny myself & save every penny so i could pay my own way. joke was on me.
Was that in Holland, Michigan ???? My old hometown
yes. Holland, Michigan since 1950. HEINZ on Lake Macatawa, Black Lake. i worked like a dog & earned the money I needed in order to go to MSU for 4 years ........ all by myself.
I lived on 15th st. very nearby, by the old shoe factory
I was a Sentinel carrier for 4 years.
& i was by the PARKWAY tavern on SOUTH SHORE DR. rmbr when going to Lake Michigan was free for all to enjoy ? Rmbr when one could ride their bikes by POINT WEST ? no more ! DeVos bought up all the property & put up gates with a round-the-clock security guard.
http://photos.mlive.com/grandrapidspress/2010/09/devos_house_in_holland_...
I remember Kollen Park and making out in the grass on hot summers nights. Remember the Wolverine cruises on Black Lake.
Good memories although I would never go back there to live.
My uncle had a cottage near Tunnel park. I loved the beach there on Lake Michigan.
Holland State park was too crowded for my taste.
NOt a fan of Amway and De Vos, neocons.
Sentinel carrier.
https://www.dropbox.com/s/a3uwu798bq2xz72/Cus20247.JPG?dl=0
I had an aunt named Ella Hoffman that worked at Heinz packing pickles. Ring any bells? She retired from there. YEARS ago and is now deceased.
I haven't been back in Holland since 2001. Retired living in the real HOlland, the Netherlands.
My parents are buried here though, in Pilgrim Home cemetery.
I haven't been back in Holland since 2001. Retired living in the real HOlland, the Netherlands.
My parents are buried here though, in Pilgrim Home cemetery.
HCHS graduate, 1964. How about you?
WEST OTTAWA, 1969. my parents are also in PILGRIM HOME, along with grandparents, great grandparents.
Lots of memories floating around in my skull now LOL. I can see all those places and the things I did in my ''minds eye''. very vividly.
Don't suppose you remember a girl named Judy Six? Went to West Ottawa. a summer romance for me.
omg ..... i do remember Judy Six. the name, not the face. omg.
Small world :-)
https://www.dropbox.com/s/hgi9bw9z96j7vrt/322%20W%2C15th%20Holland%2C%20...
322 W. 15th st. lived there 3 years
and his one
486 Harrison, high school years , joined the USAF in Sep 1964 Never been back to live since
https://www.dropbox.com/s/mfhp1lf475l0bpy/486%20Harrison%20Ave.JPG?dl=0
In 1970, gold was $35/ounce and you said you earned $2.64/hr. 35/2.64 = 13.25. in, other words, every 13.25 hours you earned an ounce of gold. If you were willing to work 40 hour weeks, that is 3.02 ounces of gold per week. Translated into $1100 an ounce gold todays price, is roughly $3300/wk and more than 13k/month.
Im pretty sure every young adult I know would take your job if they were getting paid as much as you were. You just didnt know how good you had it.
Young adults with with college educations make less than kids with highschool educations in the 1970s, adjusting for inflation.
I worked in same town she did and the summer of '64. worked rubbing furniture. (hard work). 1.60 an hour.
Joined the USAF in September of 64 to beat the draft. Might have saved my life.
My kids are still to young, but when they are 16, I'll look for the biggest bastard I know who is self employed, and they'll work the summer there.
They'll get dirty and their hands and back will hurt.
I'll even pay their salaries and it won'be a lot.
My father did that with me, and I'll do the same.
And the next year, they'll be allowed to look for a job themselves and if they can't find anything I'll find them something the same.
And if they spend all their money on 2 or 3 summer festivals, I'll take half their money.
They'll just turn you in to CPS for neglect and forcing them to work,,, like mine tried ten years ago... I think they would have been successful today.
It's a different world these enlightened days.
If I had turned my father into CPS (non existent back then) ,, I would have been dead a long time ago LO
WOW! That's heavy.
If my kids would do'that, the answer would be easy. No more money from me. House arrest untill they're 18 and a suitcase at their birthday.
And I've touht them all to well what money is, that it requires hard work.
parents in the USSA are happy to shuttle them to get to movies, get laid and pay for everything. Must look cool in BMW's . Work what is that?
My father didn't believe in giving allowances. Age 12. I got a paper route that took me thru high school. Paid for my own tuition (private school) and high school.
in the summer I worked in a nursery weeding plants for 50 cents an hour.
This was in the early 60's.
Brought up by strict Calvinist protestants.
I ditched the religion at age 30 but still believe my father did the right thing because I have NEVER been unemployed long.
Same here,,, Parents bought me a shiny new Columbia Paper Boy bicycle. Had to pay them back half the cost. Had 2 morning routes and one evening. Boy that was one beautiful all American bike. Early 1960's
Today, I thank God that the Ithingy crap didn't exist back then. Saving for my first motorcycle was far more important.
Of course saving and work in our enlightened age is soooo 20th century. We want the 'children' to 'enjoy' their lazy lives. Spend all their free money. We give them trophies for losing and buy them brand new iThingy's each year,,, and most important give them big loans so they can layabout in college and complain about paying the loans back when sure enough,,, no high paying VP top line jobs exist for them.
Back with mummy and pops and free money...
Perhaps the lack of reasonable rewards for labor input (not necessarily the fault of employers, they too have to work with the deck dealt). There are so many jobs where, after calculating the inputs and output of their creative compensation plan, I have found a $1/hr in the positive, or where I pay them to work. Lots and lots where the payoff is so low it is not worth it even if free stuff were not part of the equation.
What it tells me is that anyone who applies failed math, and that the smart ones are figuring other options out.
Can't stop laughing at the libertarian calls for government intervention in the labor market on their behalf.
Another one who can't compete with the uneducated.
Quelle surprise.
None of the kids today want to work. Look at the farms today and then look around who is mowing lawns etc?
My teenage son just got fired from his job at a mega supermarket. He's in super shape (high school track etc). Great work ethic, straight As. Had the job six months pushing empty carts back to the bays, apparently only missed one day. He's not yet 18 so by law, apparently he can ONLY do that job. The union took a significant % of his weekly check, min wage He always showed up 15 minutes early, and worked his ass off in hot sun or pouring rain.
He kept spending his weekends there pushing carts until we as a family had to take a trip for one Saturday. One day. He said "dad I'll call in sick" I said heck no be honest! Tell the truth! Employers know a high school kid isn't really sick on an July Saturday afternoon. Explain that you can't come to work but you'll be there the next day. He followed my advice, the supervisor said he HAD to work otherwise he was "refusing to work". The issue was sent to the union office so when he showed up for work they fired him. They did the same thing to a different 17 year old from a very nice family.
Before you dismiss this as just sour grapes from a parent, I think some blame goes to over regulated rules-based mega corps that only really allow a type of compliant loser personality to rise in rank.
Moral of the story?? Honesty is NOT always the best policy.
He should have said he has explosive diarhea and he's out of clothes because he shit them all
He should have worked. I'm 60+ and I know damn well not to call out. Jobs are simply too precious.
Wake up--it's the new reality.
Piaget said that it's often when a juvenile gets fired from a job that he/she then realizes that their mind does not control the world.
Perhaps dad is still in the juvenile "well...it should be this way" mindset.
In case you haven't notices, America is a train wreck (albeit a very, very slow one).
He says that this job teaches him the importance of getting a good education and proper training for a real career, not to get stuck in a job like that. The mega market is ALWAYS looking for cart pushers. Anyone can get hired.
If you are going to make up stupid little anecdotes, at least have the sense to not make yourself look like a clueless idiot. So you got junior booger-picker fired. Good story. (Rolls eyes)
.
.
I bet you are proud to be the worlds first asshole baby.
Should have told them he was going to transexual counseling. Probably would have had to pay him for the time off
One of the supervisors is a feminine Asian male who recently married another man, and is being promoted & moved to another store.
All three of those reasons are correct.
1. Kids have too many distractions today to even think about getting a job. Have you ever played Call of Duty online? It makes me not want to go to my shitty job either. However, the fault cant be blamed squarely on the kids themselves. The parents are the ones not only letting them do it, but in some cases promoting their behavior. A note on the code camp kids, that has the possibility to yield much greater results than a summer job at the mall or Burger King could ever do. Great for those kids.
2. There are many less good jobs out there for adults today than there was before. So it's just obvious that there is all kinds of competition for what in the past were kids summer jobs. The sad reality behind trying to land a job at McDonalds has been illustrated on these pages many times.
3. Talk about competition. I went to Ace Hardware a few times during the summer and each time the vast majority of workers there should have been retired. Just look at what the fed and the politicians have done to this country and it's obvious that nobody can retire any time soon because savings, if baby boomers have any, don't yield anything unless those saving extended way out on the risk curve. Ten years ago, 1 million dollars put into a very secure 5 year treasury note would yield 4%, or 40k a year. Not a bad living for a smart retiree who has a paid off mortgage and is likely to collect a pension and social security at the same time. Today, when inflation has taken off like crazy over the last decade, that same 5 year note yields 1.5% or 15k. That doesn't even pay for retiree healthcare today. Not to mention the mostly non-existant pensions and social security payments that are adjusted to the CPI which is not close to a honest representation of inflation.
Lastly, as for the kids who stay on the beach all day or travel overseas, doesn't everybody wish they had their lives and had the ability to do that as children.
But Benny says they can buy stawks. Fuck You Bernanke
That's strange..My teen supports me,with his disability checks,pot sales,and local "shakedown" operations.He's a real cash cow..and he always brings me home his free school lunch,too!
you didn't mention his free school breakfast. better shake him down, he's holding out on you.
They left out Reason #4: jobs traditionally held by teens now being fought over by elderly people. And get this, not just poor elderly, but elderly folks once considered "set for life." So you happen to have a million squirreled away? You can lock that cash up for 30 years, and reap the wonderful sum of less than $2,500 per year in interest! Or, just eat your seed corn and spend it out, just like Bubbles Ben and Punxsutawney Janet want you to do!
And when it's gone...then what? We can't feed old people AND send our troops all over the planet, too. Sumthin gotta give. So, the older, employable people just keep working, trying to preserve a little capital and hoping to have a little food to eat, while not consuming precious resources needed for the USA to continue taming the world.
My father said it didn't matter how much money they were going to pay me. He said you need to learn how to work. I am grateful to him, may he R.I.P
I live in a state far away from the Mexican border, yet, most laboring jobs are performed by Mexicans in their late 20's early 30's. Now when I was growing up, I painted homes, washed dishes, mowed lawns, now, if I was a kid could not get a job doing any of those. Every yard, street, painting, construction, restaurant (back of the house) job is performed by Mexicans. How does a kid learn skills if they have to compete with grown ass men/women? And the employers are not the least bit interested in investing in these kids, when they can have slaves ready and willing.
We have screwed our kids, with destroying opportunity, saddled them with debt, and a government that is mortgaging their future...
FUCK US.
Well, I was raised in Michigan and we had lots of Mexicans there also to pick blueberries etc etc
I pulled weeds in a nursery in the summer for 50 cents an hour and the straw bosses were Mexicans.
I thought they were great guys and always had fun laughing with them on breaks.
Lots of those Mexicans stayed in Michigan and raised families. Hard workers
this was in early 60's.
My father would kick my ass if I did what kids do nowadays.
Well, I was raised in Michigan and we had lots of Mexicans there also to pick blueberries etc etc
I pulled weeds in a nursery in the summer for 50 cents an hour and the straw bosses were Mexicans.
I thought they were great guys and always had fun laughing with them on breaks.
Lots of those Mexicans stayed in Michigan and raised families. Hard workers
this was in early 60's.
My father would kick my ass if I did what kids do nowadays.
It's not the Mexicans that are the problem. It's the government. Passing laws that suck, and failing to enforce laws that don't.
Furthermore, those same illegal Mexicans that wealthy Americans and businesses love to employ, may save THEM money, but go down to ANY welfare office in this nation and you will see those same illegals filing in with their precious little "anchor babies", qualifying for all sorts of Tax PAYER goodies. Now add that to the cost of your Mexican slave labor, and suddenly its costing a lot more than just our children's opportunities.
Yes, and the skill level of a lot of the mestizos is very poor. Used to be stucco/plastering/concrete was almost an artform. Now crews of semi-skilled illegals are turning out absolute shit -lumpy stucco, poor concrete finishing. The old chicano plasterers who were the true craftsmen now hire illegals while they and their kids ride around in escalades with stupid wheels. House just built in my neighborhood has the fascia so wavy it makes me crazy.I used to be a builder/GC, was a good living for a very diverse group of folks -college students, cowboys & indians, chicanos, blacks. Now it just a monoculture of yammering monkeys who live ten to a house off of old 66. They don't share the European concept of design, fine craftsmanship or architecture. They're the lowest common denominator for most aspects of our society.
There was a kid down the street from whose parents both worked nights. Kid used to throw parties and charge $5 to get in and sell beer. That was his job. Entrepeneurial little fucker, switched to peddling meth and crack a couple years later and now he's dead. See, working doesn't pay
When the only job available is selling drugs, you don't blame the kids, you blame society.
STOP the mass imigration, rip up NAFTA/CAFTA...
Rule 1: Don't snitch.
Rule 2: Always pay on time.
Rule 3: Don't consume the product.
And I say to you Bloomberg, you never ran a small business. The government has strangled the market for labor, by piling up lists of regulations and fines aimed at employers. The actual cost of hiring part time help has skyrocketed, so if their marginal addition from part time work doesn't cover the costs the government mandates, they don't get hired. Add to that the liability of employees I never used to have. For instance, each year my business liability policy grows thicker. 95% of the reason is the addition of exclusions. If you own a business, and just renewed the policy each year without reading it, you may be making a grave mistake. Since our country now is an entitlement state, part time workers and new college grads are learning the ropes of how to maximize their income in ways other than working. Why else would my insurance policy add the following exclusion clause?: "We will no longer represent you in court or re-emburse legal fees that are incurred due to a lawsuit brought by the employee caused by the employer saying something that hurts the employees feelings". "The boss accused me of showing up late for work and it hurt my feelings". Guess the insurance companies had to pay on a few of those.
Well the fact is that IMMIGRANTS legal and otherwise ARE taking ALL sorts of jobs that Whites, whether adult men, women or teens used to have.
It is undeniable.
ALL job growth since 2000 was taken by immigrants:
http://cis.org/all-employment-growth-since-2000-went-to-immigrants
JOB SHOCK: 100% of female employment gains taken by foreigners since 2007
There are many such studies.
However all you have to do is just LOOK around you.
The FedEx man went from a White guy to a Mexican who could BARELY speak English, one day White guy disappeared.
Same thing is happening with EVERY occupation.
Those who are in IT, Zuckerberg has you in his sights.
You won't be able to get a job at all, you MUST speak Spanish, but even if you do you will then be faced with an additional request: you must be BI-CULTURAL. That you cannot accomplish.
Banks in California require applicants to be fluent in English and 2 or more Chinese dialects. Now that isn't ALL banks in California but it gives you an idea of your future is White man or White woman.
I see the Whites behaving as lemmings. And with study after study discovering that politics is genetic then you can imagine, there is NO talking to the left but with the CONNEDservatives there should be.
This went under the radar in the USSA: Attorney General Loretta Lynch announced .gov will “fast track” $29 million to victim families of the June 17 shooting at the Emmanuel African Methodist Episcopal Church in Charleston South Carolina, Reuters reports This amounts to over $3.2 million per family.
They probably already have the money in their possession.
There are natural laws. One of them is a species or individual for that matter, who is unable to fight back and defend him/herself against others who seriously intend harm will cease to exist.
Whites COULD fight back but apparently are very comfortable with their forthcoming demise.
FACEBOOK looks to reduce white share of staff
For decades they discriminate. In HR and management they lie. On jobs sites they work above you and drop tools - skillsaw, axe, hammer, materials, and trash your equipment besides. I've only met one white junky, but Mexicans are into baseball or heroin. They are all into knocking up single white women. They rape as often as they stab.
Coyotes
40k teenagers at Rooster Teeth in Austin, TX.
All fans of watching other people play video games.
America is doomed.
BTW, Lazer Team sucks.
Blaine is the future of America!
LOLOL.................
It is financial repression: Due to taxes and regulations it is not enough to just create value (do something that others are willing to pay for while you think it is worth the trouble) - and too much disincentives through all the free stuff.
We missed earnings because of the weather. No, wait, because of the kids.
Can I do that over?
They left out Reason #4: jobs traditionally held by teens now being fought over by elderly people. And get this, not just poor elderly, but elderly folks once considered "set for life." So you happen to have a million squirreled away? You can lock that cash up for 30 years, and reap the wonderful sum of less than $2,500 per year in interest! Or, just eat your seed corn and spend it out, just like Bubbles Ben and Punxsutawney Janet want you to do!
And when it's gone...then what? We can't feed old people AND send our troops all over the planet, too. Sumthin gotta give. So, the older, employable people just keep working, trying to preserve a little capital and hoping to have a little food to eat, while not consuming precious resources needed for the USA to continue taming the world.
So of course it has nothing to do with jobs being shipped overseas thanks to the many trade agreements sponsored by Congress. It's always the sheeple's fault.
How many of those 'summer jobs' have been taken year round by older workers, 55 and older, who need the jobs to make ends meet after their retirement funds dried up in 2008?
Reason number 5...teens are too busy texting each other to hold a job...