Society and Culture

The generation war has only just begun


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Labour Market

Len Shackleton & Annabel Denham write for The Telegraph

Mark Littlewood writes for The Times

In his bi-weekly column for The Times, IEA Director General Mark Littlewood argued that the days of class warfare have been replaced by a generation war, with young people being hit the hardest by lockdown.

Mark said, “About a tenth of workers under 25 have lost their jobs during the pandemic and measurably more than half have seen a fall in earnings. For those yet to enter the labour market, education at university or school has been enormously disrupted — and large chunks effectively cancelled”.

With national debt rising, house prices soaring and wages stagnating, the youth of Britain have shouldered the economic burden of Covid and are likely to be paying for the effects of an aging population for generations to come. Mark suggests this has started a great divide between young and old based on “underlying unfairness of how the state decides who the economic winners and losers should be“.

Read the full article here.

 



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