The Young and the Restless
If you rely on teenage workers, you may have noticed there's a shortage. What's going on?
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.
Continue reading this article - and everything on Entrepreneur!
Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5.
Entrepreneur Editors' Picks
-
This Founder Quit His 'Prison'-Like Teaching Job Within 2 Months. Now, He and His Sister Are Helping Other Teachers Leave the Classroom and Achieve Financial Freedom.
-
If You Focus on Problems, You'll Only Find More Problems. Here's How to Focus on Solutions.
-
Facing More Than 15 Years in Prison, This Founder Transformed His Hustle Into a Powerful Personal Brand and Business. Now, He's Giving Back in a Big Way.
-
Apple Asks This Jarring Interview Question as a Secret Way to Evaluate a Candidate
