Another great piece, this time on employment, in the @FT’s New Deal For the Young Series.  Makes the point that between the financial crisis & the pandemic, much of today’s young have experienced job loss, slow wage growth and a rise in insecure working.
This resonates with the work from @resfoundation & especially our Intergenerational Centre. For example, our 2020 Intergenerational Audit, supported by @NuffieldFound, found that even before the pandemic, insecure working was more prevalent & growing fastest among today's young.
We also found that successive cohorts have been more likely to work in key low-paying sectors at young ages.
And that wage growth has been especially weak for those now in their 30s.
During an economic crisis, being young - and especially a recent education leaver - can have long term scarring impacts. And as the FT rightly notes, these effects are distributed unequally, with non-grads being particularly worse off on average. 
And inequality within generations, such as today’s young, has come to bear in the current crisis too.
All this matters for living standards in the long term: lower employment and weaker wage growth will reduce the odds of home ownership (as we’ve so famously seen).
And it also exacerbates problems like falling retirement savings, where a combination of lower contributions and Defined Contribution schemes mean young people are accruing pensions wealth at a slower rate than their predecessors. 
As the FT series indicates, declining employment, wage growth & job quality for today’s young has thankfully generated a strong response across both media and policy makers – see for example, the House of Lords Youth Unemployment Committee @LordsYouthUnemp
The question is: what to do. Today’s piece offers some excellent starting points: encouraging job creation, allowing for job flexibility but preventing a two-tiered labour force & engendering a better working culture that bears in mind mental health.
@resfoundation will be following up on much of these issues over the coming weeks and months, so please stay tuned.
You can follow @kathleenhenehan.
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