Anonymous wrote:Anonymous wrote:Anonymous wrote:The notion that kids need to work is a very middle class idea. MC parents think that low-wage, unskilled work is the only way a kid can “learn the value of a dollar.” They also associate physical work with “real work.” UMC people have every expectation that their kid will never perform such a job, so they focus on providing their kid experiences, further education/tutoring, and social skills.
Ok but for all families except maybe the 1%-ers, the kids will need to work one day. It won't necessary be at a low-wage, unskilled job but the kids will need to earn money. Professional jobs still have basic requirements: answering to a boss, showing up every day, working during expected times of the day, etc. It's painfully obvious which 20-somethings never held any kind of job before graduating from college or grad school.
+1
Plus, there's some value in doing an "unskilled" job (in quotes, because many of these jobs do require useful skills) and learning that such jobs aren't "beneath you."
Anonymous wrote:Anonymous wrote:Anonymous wrote:My UMC kids work various jobs. We match their earnings and contribute to their Roth IRAs. Amazing what $20K in Roth IRA at eighteen can do for 50+ years invested in index funds, with the expectation that they will eventually max out their Roth IRAs annually.
My UMC kids worked in their HS junior and senior years for a FinTech company and got paid $50/hour in 2020. The oldest will start at UVA in about two weeks and he is still working for the same firm, remotely.
Let me guess, they worked in the same FinTech company owned by their parents? It’s always amusing to learn about HS interns making more money per hour than graduates with actual B.S. degrees from ABET accredited colleges.
Anonymous wrote:Anonymous wrote:My UMC kids work various jobs. We match their earnings and contribute to their Roth IRAs. Amazing what $20K in Roth IRA at eighteen can do for 50+ years invested in index funds, with the expectation that they will eventually max out their Roth IRAs annually.
My UMC kids worked in their HS junior and senior years for a FinTech company and got paid $50/hour in 2020. The oldest will start at UVA in about two weeks and he is still working for the same firm, remotely.
Anonymous wrote:Anonymous wrote:The notion that kids need to work is a very middle class idea. MC parents think that low-wage, unskilled work is the only way a kid can “learn the value of a dollar.” They also associate physical work with “real work.” UMC people have every expectation that their kid will never perform such a job, so they focus on providing their kid experiences, further education/tutoring, and social skills.
I disagree. We are UMC and we encourage our kids to have jobs. Both of us grew up UMC, and didn't work much at all until we had "real jobs." We think that it made us both a little lazy and bratty, without realizing the value of money and budgeting.
So I do not think that you can generalize about an entire class of people, because plenty of UMC people that I know have working teens, even if it's just scooping ice cream in the summer.
Also, I think it gives kids confidence to do a job, even if it's just lifeguarding etc.
Anonymous wrote:Anonymous wrote:No, I think they're mostly wasting their time. If they need the money, there are more lucrative jobs (usually office jobs where you wouldn't see them). If they don't need the money there are volunteer activities that are more educational and valuable.
Office jobs are what daddy gets you. I’d never hire a kid out of college who had never had a real job before. It says a lot about a person how they choose to spend their free time.
Anonymous wrote:My UMC kids work various jobs. We match their earnings and contribute to their Roth IRAs. Amazing what $20K in Roth IRA at eighteen can do for 50+ years invested in index funds, with the expectation that they will eventually max out their Roth IRAs annually.
The notion that kids need to work is a very middle class idea. MC parents think that low-wage, unskilled work is the only way a kid can “learn the value of a dollar.” They also associate physical work with “real work.” UMC people have every expectation that their kid will never perform such a job, so they focus on providing their kid experiences, further education/tutoring, and social skills.
Anonymous wrote:Anonymous wrote:The notion that kids need to work is a very middle class idea. MC parents think that low-wage, unskilled work is the only way a kid can “learn the value of a dollar.” They also associate physical work with “real work.” UMC people have every expectation that their kid will never perform such a job, so they focus on providing their kid experiences, further education/tutoring, and social skills.
I disagree. We are UMC and we encourage our kids to have jobs. Both of us grew up UMC, and didn't work much at all until we had "real jobs." We think that it made us both a little lazy and bratty, without realizing the value of money and budgeting.
So I do not think that you can generalize about an entire class of people, because plenty of UMC people that I know have working teens, even if it's just scooping ice cream in the summer.
Also, I think it gives kids confidence to do a job, even if it's just lifeguarding etc.
Anonymous wrote:The notion that kids need to work is a very middle class idea. MC parents think that low-wage, unskilled work is the only way a kid can “learn the value of a dollar.” They also associate physical work with “real work.” UMC people have every expectation that their kid will never perform such a job, so they focus on providing their kid experiences, further education/tutoring, and social skills.
Anonymous wrote:Anonymous wrote:Anonymous wrote:The notion that kids need to work is a very middle class idea. MC parents think that low-wage, unskilled work is the only way a kid can “learn the value of a dollar.” They also associate physical work with “real work.” UMC people have every expectation that their kid will never perform such a job, so they focus on providing their kid experiences, further education/tutoring, and social skills.
Most UMC have kids work. You are not UMC.
This is not accurate (at least pre-college years).
Anonymous wrote:Anonymous wrote:No, I think they're mostly wasting their time. If they need the money, there are more lucrative jobs (usually office jobs where you wouldn't see them). If they don't need the money there are volunteer activities that are more educational and valuable.
One of my kids has an office job this summer, making less than her BFF ice cream shop worker, who makes $19-$20 an hour with the tip share.