For the past few years, I’ve had the opportunity to participate in a really compelling program hosted at Portland’s Lewis & Clark College over the holiday break. They call it “Winterim.” And it’s designed to expose college students to startups and entrepreneurship through a series of talks, mentorship, and a weeklong sprint to build a concept for a company.
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[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.
