Teen entrepreneurs mean business

James Myall, an economic policy analyst at the Maine Center for Economic Policy, pointed to the tight labor market and inflationary pressure as the two most likely drivers behind this trend, which in some ways “tell two different stories.” A tight labor market signals that teens can command higher wages because employers are desperate for workers, and inflation suggests that teens might want to work because they or their families are struggling with costs, he said.

Click here to read the full story, first published November 11, 2024 by Portland Press Herald.