The Young and the RestlessIf you rely on teenage workers, you may have noticed there's a shortage. What's going on?
Opinions expressed by Entrepreneur contributors are their own.
Successfully employing teenagers helped Rob Nagel grow his Point Pleasant Beach, New Jersey-based business, Surf Taco, from one restaurant in 2001 to seven today. "They're the foundation," says Nagel, 37. "They're on the front lines taking orders, giving the customers food, connecting with the customers. Overall, they're responsible for whether I'm successful or not." The bad news for entrepreneurs like Nagel is that fewer teenagers work these days. The labor participation rate for 16- to 19-year-olds dropped to a low of 41.3 percent in 2007, according to the Bureau of Labor Statistics. That's down more than 10 percent from 1990, the first year teen labor rates began falling from a 1989 peak of 55.9 percent.
4th of July Sale - Save 20%! Unlock this premium article & so much more with狗万官方+
Join the internet’s leading entrepreneur community! With your subscription you’ll get:
- Unlimited access, including premium content
- No ads
- Subscription to狗万官方magazine
- Four free e-books a year
- Subscriber-only events with our experts