Speech by Employment Minister Damian Hinds
The UK jobs market has surpassed all expectations in recent years, with employment reaching a record high at the start of 2016 and staying there for the rest of the year.
But this success has not been spread equally. While over-50s have accounted for two-thirds of net jobs growth, the labour market has been far more subdued for young people.
What can be done to kick-start young people’s pay and prospects? Are rewards for long service a thing of the past? How can we support career changes later in life? And can the UK repeat the jobs miracle of recent years in this parliament?
At an event for the ongoing Intergenerational Commission, the Minister for Employment Damian Hinds delivered a keynote speech on lessons from the UK’s recent employment success and challenges for the future. The Resolution Foundation presented findings from its new research on how labour market shifts are affecting different generations, while a panel of experts debated the issues thrown up by the speech and research findings before taking part in a Q&A.