What high school kids are interning at hedge funds? Jobs like life guarding, painting, tradesman’s gopher, fast food, etc are still great jobs for kids to learn a work ethic and make some cash. Trying to kick start a career in high school is beyond silly for most kids.
That’s clearly far outside the norm though. Normal high school kids aren’t aspiring to (or would even be allowed to) be interns at places like that outside of really unique situations.
Yes and thus the collapse in teen employment. No point in working if you don't find that unicorn internship. Flipping burgers is just not worth it, you may as well do exam practice or just have free time.