Oh, Mother!: Justice Served

Laurie Petersen  Jul 18, 2008 8:00 am

Oh, Mother!: Justice Served
 
Teen jobs teach life lessons.
 

 



The most enduring lesson I ever learned about the economy came in the 70s, when I held down an after-school job as a cashier at a convenience store.

Located across the street from a busy private airport and adjacent to a mobile home park, the store had a diverse economic clientele.



Airline personnel -- who still made good money at the time -- came over daily to buy lunch or an early dinner. On other occasions, the owners of private planes that flew out of the airport would come in for cigarettes, a soda or a quick bite to eat.

Moms with little means and multiple kids also shopped at the store. Some even bought all their groceries and staples there, because they didn't have cars to get to the supermarket where prices were more reasonable. The owner of the place extended credit, which made it even more attractive to these women whose husbands were paid weekly.

I was going steady with the son of the owner, which was probably why I felt sufficiently empowered to right what I saw at the time as an economic injustice. When ringing up their purchases, I would simply bag some of their items without charging.

I never told the customers what I was doing and I don’t think any of them ever caught on. I never told my boyfriend either.

I knew the margin on all the products in the store because I had to unpack, price and sometimes dust the cans of Campbell Soup (CPB) and Del Monte (DLM) tomato sauce, tubes of Colgate (CL) toothpaste and bars of Ivory soap from Procter & Gamble (PG).

With vivid recall, I still peg the start of the era’s economic malaise to the day the price of Wonder Bread hit $0.55 a loaf.

But I didn’t feel guilty about my little effort to restore economic balance. I knew the store's real gold mine was the deli in the back that cranked out sandwiches, coffee and prepared foods.

I don’t know how I'll tell my daughter this story. Cheating an employer isn't exactly in keeping with the kinds of values I want to pass along.

My experience with the impact of circumstance and choice definitely fueled my desire to help launch Minyanland as a tool to teach basic economic principles to kids.

It also reinforces for me the value of teenage employment. There’s nothing like a dose of the real world to motivate you toward something better. It’s been roughly 35 years since I worked at that store and I still remember it like yesterday.

How did your early work experiences shape you? Weigh in on The Exchange.

Rate this article:  (0 Votes)
Comments (2) See All Comments »
07-18-2008, 11:29 am
The writer of the article really made me scratch my head... What twisted logic. Stealing from the owner of a small business to "right an injustice" makes no sense. You are a thief. And giving freebies to folks who chose not to gain the ed
Read More
07-18-2008, 8:31 pm
Great piece, and forwarding to my kids for theirs. All three of the former have said that working as a teen was one of best things they ever did, and my own teen experience concurs. AND maybe some of us should think twice about using the "sel
Read More
discuss this article and more on the mv exchange
No positions in stocks mentioned.

Get real-time options trading ideas from Steve Smith, veteran options trader and newsletter author, plus let him show you the way to cut risk and boost your returns through the strategic use of options.  Click here for a free 14 day trial to OptionSmith by Steve Smith.



The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2009 Minyanville Media, Inc. All Rights Reserved.
Ticker Talk
Popular Tickers:
SPX »AMZN »RIMM »
Select
  •  
Talk Now
Share this Talk on your site:
Send us your feedback

Our Professors

rss article alert