Teens Want Friends, More Than Money, From Their Jobs
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Access to affordable credit helps me pay my employees, but I don't really need it. Inflation is killing me. But who cares? Big retailers are making record profits. That's why we support the Durbin Marshall credit card bill. See? Banks and credit unions help small businesses make payroll. This bill would cut the vital resources they need. While increasing megastore profits. They deserve it, don't they? Tell Congress, stop the Durbin Marshall money grab for corporate megastores. Paid for by the Electronic Payments Coalition.
Here's your Money Briefing for Monday, July 15th. I'm J.R. Whelan for The Wall Street Journal. Pay, benefits, and flexibility often top the list of things job seekers look for in a new position. Teens holding down jobs this summer have a different priority, friends.
Teens are coming out of a pandemic that changed the entire world, changed the way that people interact with one another. And this labor market, specifically for teens, they're looking for more socialization.
So how's that working out for them and their employers? We'll talk to Wall Street Journal reporter Terrell Wright after the break.
Access to affordable credit helps me pay my employees, but I don't really need it. Inflation is killing me. But who cares? Big retailers are making record profits. That's why we support the Durbin Marshall credit card bill. See? Banks and credit unions help small businesses make payroll. This bill would cut the vital resources they need. While increasing megastore profits. They deserve it, don't they? Tell Congress, stop the Durbin Marshall money grab for corporate megastores. Paid for by the Electronic Payments Coalition.
At the top of the list of what many teens looked for in their summer job this year is the opportunity to make friends.
How do teens rank friends versus pay when choosing a summer job?
Wall Street Journal reporter Terrell Wright joins me. Terrell, how many teens are currently working in the U.S.?
So according to the Labor Department, nearly 6 million teens aged 16 to 19 years old are working.
That's nearly one-third of all teens. How is their experience in the current job market different from teens in the past few generations?
Teens are coming out of a pandemic that changed the entire world, changed the way that people interact with one another, changed the way that people socialize with one another. And teens in this instance missed out on very pivotal moments in their lives. And this labor market, specifically for teens, they're looking for more socialization.
You talked to a lot of teens who lived through the pandemic and were in lockdowns like a lot of us were. What was their experience like?
So their lockdown experience was playing video games. It was on the phone. It was just being at home, not doing the things that we all remember doing when we were teens, going to the baseball game, going to the football game, all these other things that teens and middle schoolers do to enjoy life. They were totally isolated and boxed out of.
How does that experience impact what they're looking for in a job?
Entering a job market, many of these teens are around 16 to 19 now. They're looking for jobs where they are socializing. They want to be out there making friends.
They want to be out there talking to people. A lot of them probably already have friends. But why is finding friends at work so important to them?
Finding friends at work, you're able to meet people who you don't go to school with. You're able to meet people that you aren't interacting with on a daily basis sometimes, like you are at school. So this is a way for teens to connect with one another, to have interaction in a space that promotes socialization, specifically ice cream shops or the water parks. This is a great place where teens who go to different high schools throughout the town can come together and get to know each other. And nobody's on a Zoom call?
No, no Zoom calls. What has that experience of finding friends at work been like for some of the teens you spoke to?
I remember talking to Rocky Rodriguez, a 16-year-old in Texas, about 30 miles outside of the border.
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