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Millennials in work making £12,500 per year less than previous generations

Published: 09/02/2017 by Comments

According to research, men in their 20’s are earning £12,500 less than young men in the previous generation. This is due to them taking on low paying jobs previously performed by women.

The Resolution Foundation director Torsten Bell has argued that the fact that this generation are earning less than the last isn’t a good sign. He stated “We are supposed to be living in a society of continuous progression and not regression.”

A lecture conducted by Bell on Thursday will evaluate how women have been more successful at adapting to changes in the working environment than men.

Women appear to be more proactive, their response to the decline in secretarial positions was to gain further education and find positions in higher skilled jobs. This attitude is completely opposite to the men. When manufacturing jobs became scarce, they transitioned to lower paid and lower skilled roles.

The role of the Resolution Foundation is to analyse problems faced by people whose earnings are within the low and middle income brackets. They have established a commission to evaluate whether millennials – defined as men born between 1981 and 2000 are being exploited.

Their research clearly shows that men are not earning as much as men in generation X – described as men born between 1966 and 1980. Between 1993 and 2015-2016 the number of men working in low paid jobs rose by 45%. This is partly due to the number of men working in retail positions which has jumped from 85,000 to 165,000.

Women are more likely to work in retail than men, and these numbers have significantly declined since the early 1990’s.

The foundations report concluded that it is the responsibility of the current Government to provide better employment opportunities for this generation.

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