More Records for Obama & Obamanomics: Record Low for High School Student Jobs and Record High for Those Working Past Age 65
Hey America, Three plus years into the Obama Presidency, How’s that “Hopey-Changey” thing working out for ya? More records for Obama and jobs …
Parents, are you finding it difficult for your high school kids to get summer jobs? You are not alone. Thanks to the Barack Obama job recovery we can add two more records to his list of accomplishments, the young workers are getting squeezed out of the market because positions are being filled by older workers. Making matters worse, the elderly cannot afford to retire. As reported at the Washington Times, according to the National Center for Education Statistics the high school job market has hit its lowest level in 20 years. The jobs once held by young high school kids are now being taken by those older than them who have been forced to take lesser positions thanks to the so-called Obama job recovery. A meager 16% of high school age kids are now employed as opposed to 32% in 1990.
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.
In 1990, 32 percent of high school students held jobs, versus just 16 percent now. Blame their elders.
Sectors that traditionally have offered teens their first paying gig — fast-food chains, movie theaters, malls and big-box retailers — have now become the last resorts for out-of-work college graduates or older Americans forced back into the labor force out of sheer financial necessity. The resulting squeeze has left students on the outside looking in.
No one need look no further than the McJobless. Our American youth used to be able to get a job at McDonald’s after school and learn what it means to be responsible, show up for work and get paid for a days work. Not under Barack Obama. Businesses that used to predominately hire the HS kids now can hire older and more experienced workers at the same pay.
Local McDonald’s managers, for example, are no longer forced to accept young workers who can show up after class. They now have the option to hire older employees with more experience and, in many cases, much more education.
“They think, ‘I can hire this old guy instead. He already knows how to work, so we don’t need to teach him.’”
But wait, it gets worse if that is possible. Not only are young workers at an all-time low, those individuals working who are 65 years and older are at an all-time high. They simply cannot afford to retire. As reported at the NY Times, But that may have worsened the employment prospects for younger workers. Ya think?
Labor Department figures indicate that the percentage of workers over the traditional retirement age of 65 is at a record high. But, the figures show, job totals fell sharply for men under 55 during the recession and have only started to recover, while the proportion of women ages 25 to 54 with jobs also slid and is close to the lowest level of the last two decades.
“The fact of the matter is that this aging-but-not-yet-aged segment of the baby boomer class can’t afford to retire,” said David A. Rosenberg, the chief economist of Gluskin Sheff, a Canadian firm, noting that overall household net worth was 15 percent lower than at the prerecession peak. “Dreams of the 5,000-square-foot McMansion being a viable retirement asset.
So why is any one voting for Barack Obama again? Any one who actually thinks that Obama has any coherent economic jobs growth plan is delusional. Every demographic has suffered under Obama and the more a demographic struggles with high unemployment like blacks, the more they back Obama. That’s a brilliant position.
EXIT QUESTION: So the older people are working longer and affecting the job prospects of the younger workers, this is even before changes have been made to the going broke Social Security plan. So what is going to happen when the government raises the retirement age from 65 to 68?