The United States Department of Labor released a troubling report this week revealing that the jobless rate among Americans 13 and younger has been hovering around a whopping 100% for the past year.
In light of this news, many pundits have been quick to point out the adverse effects child unemployment has on American performance in a competitive global economy. They note that in terms of gainful child employment, the US has long been outpaced by countries like Bangladesh, Pakistan and Indonesia, which strive to make full-use of their non-adult labor pool. The American Manufacturing sector is especially hurt by this fierce competition, experts argue.
“By ignoring the advantages of this cost-effective human capital, America is throwing away its manufacturing base to the developing world. We need to adjust our course, pull up our socks and get the 10-year-olds back to work,” suggested Greg Freeman, an analyst at a Washington, DC-based think tank.
So far, neither the Obama administration nor House Republicans have commented on this issue.
PHOTO: Kevin Pack, Flickr