In 1997, moving from Telford to Birmingham would mean a 14 per cent financial gain. Today, it would leave someone worse off
Millennials, eh? They never stand still. Always on the move, with their ‘portfolio careers’, side hustles in the gig economy, and no loyalty to the companies they work for. With an attitude like that, it’s no wonder they struggle to find decent work and pay.
There’s only one problem with this common trope though. It’s not true. Well apart from the struggle for decent pay – millennials who left education during the crisis are still feeling the effects in their pay packets and career prospects today.
In fact, young people today are moving jobs less than they were 20 years ago, and they’re even less likely to move areas to take up a new role. Resolution Foundation analysis of official labour market statistics finds that just 18,000 young people started a new job and moved home last year, compared to 30,000 in 1997.
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