"I found that the experience was very useful for understanding the importance of planning, of pacing yourself, of managing multiple projects, and most importantly, how budgets work and how to balance debt and investment."
My parents taught me all that before I was out of grammer school plus starting at 3 I was taught to use all manner of tools to fix and build things.
Kids today don't know squat and not only can't think and make decisions but bulding and fixing something they couldn't do if you put a gun to their head.
Kids are a lot less likely to know how to fix things and work with their hands, granted, but I'll tell you this--today's kids are way more involved in extra-curricular sports and clubs and societies than their parents were, and they're all looking for leadership positions. It's what you need in order to get into college and get a good job. They're much better equipped to manage their time and to run big projects as a result.