[Editor: The following is a guest post by Meredith Goddard, Founder & Director of Five Years In]
Teenagers are less likely than ever to work summer jobs. There has been a precipitous and unprecedented decline in labor force participation rate for teenagers over the last 20 years. In August of 1998, 52.8% of 16-19 year olds participated in the labor force, a number that held steady since the 1950s. In August of 2017, just 35.2% percent of 16-19 year olds participated in the labor force, meaning most Millenials (and younger) have not held summer jobs. Instead of work, many young people are spending more time in summer school, traveling with sports teams and engaging in unpaid internships.
“If I only had more time to do [x].” It’s a phrase the confounds many a startup. And truly, every once in a while, that confounding problem is something terribly technical that requires a specific level of expertise. But most of the time, it’s simply something that needs to get done. Yet something for which it is impossible to find the time. And that makes it all the more aggravating.
All it would take is someone to help you do it. But that—especially for bootstrapped companies and side projects—can make the problem even more insurmountable. The idea of paying someone to do the job? Usually, not an option.
You know what would be perfect for completing these tasks? An intern. Even better? A paid intern. Someone who was getting reimbursed to help you with your project. And someone who had some skin in the game to perform at a level that would help your startup improve. Read More