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The inability to pay for college is more an artifact of the insane increase in college prices than it is the pay. Inflation hasn't been kind on minimum wage, b
by curryst 5y ago
The inability to pay for college is more an artifact of the insane increase in college prices than it is the pay. Inflation hasn't been kind on minimum wage, but the effect is less drastic than the increase in college prices.
Also, as others have pointed out, teenagers tend to be less reliable employees. One part of that is that they don't need the job, at least in an "I might starve and be homeless if I get fired" sense. Another part is that if they're only working for the summer, they're unlikely to have time to become exemplary employees.
As a society, I agree it makes sense for teenagers to be able to pay for their own education with reasonable work. As a business, I don't think I would see that as my problem to solve directly, and probably not one I could even afford to fix even if I wanted to.
The average in-state tuition in the US (so sticking to the cheaper side) is $10,440/year. There's roughly 10 weeks of summer break, so 400 hours of work assuming a 40 hour work week. You need to make $26/hr after taxes and save every penny of your paycheck to afford that tuition bill. Average out of state tuition is $26,820/year; you'd need to make $67/hr after taxes to pay for that over summer break.
Again, those are after-tax numbers, so you'd have to make north of $30/hour pre-tax to be able to pay for in-state tuition. I just don't see that happening.