From 2002 until the crisis, young people saw their real wages grow more slowly than the UK average. In fact, their wages fell more during the recession. Since 2014, young people’s wages have been rising faster than the UK average.
Young people are struggling to get a good start in the job market. They are earning less, working longer hours and commuting further than their parents’ generation. What are the Government going to do to transform their outcomes?
The most important thing is that those young people are in jobs, and under Labour we saw unemployment rise to 20%. Youth unemployment has reduced by 40% since 2010. I recognise that we need to see those young people get better skills. That is why we are investing in IT training, that is why we are developing the maths premium so that more students study science, technology, engineering and maths, and that is why we have developed the apprenticeship levy to get more people into apprenticeships.