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Competition For Mcjobs Hits Teens: High-School Students With Jobs Hits 20-Year Low

Tuesday, May 29, 2012 - 12:35 PM
The American job market is no place for students as the number of employed high schoolers has hit its lowest level in more than 20 years, according to new figures from the National Center for Education Statistics.

Mish's Global Economic Trend Analysis: Competition for McJobs Hits Teens: High-School Students with Jobs Hits 20-Year Low
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ShorebreakShorebreak2,694 posts since
Apr 6, 2010
Rep Points: 14,606
1. Tuesday, May 29, 2012 - 2:04 PM
The second half of the post also mentions something interesting:
older part-time workers remaining in or reentering the labor force will be cheaper to hire in many cases than younger workers

I wonder how many of these older workers are going back to work due to the extremely low interest rates.

Mish has many disagreements with Chairman Bernanke's policies, but they do seem to share the belief that high inflation won't be an issue for the nation. Mish has this to say at the bottom of the post:
Demographics, student debt, debt in general, and changing attitudes of youth about what is really important are huge deflationary forces that Bernanke is fighting.

Those expecting hyperinflation or even strong inflation out of this mess are simply not thinking clearly.

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Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708
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