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WEBBO’S COMMENT OF THE WEEK – MILLENNIAL MEN PAID LESS THAN PREDECESSORS

WEBBO’S COMMENT OF THE WEEK – MILLENNIAL MEN PAID LESS THAN PREDECESSORS

Work Pay for Men

The BBC has recently reported on Work Pay for Men, that, according to the Resolution Foundation, the men of Generation X, the generation before the Millennials, were earning £12,500 more by the time they were 30 than Millennials today. Generation X refers to those born between 1966-1980, and Millennials are those born between 1982–2004.

It is believed that this is because of the changing nature of work. The amount of low paid work carried out by young women fell, but by young men, it has increased by 45% between 1993-2015/16. It was discovered that young men are more likely to work in basic service jobs, or part-time jobs with lower wages.

The Executive Director of the Resolution Foundation, Torsten Bell, said “The long-held belief that each generation should do better than the last is under threat…Millennials today are the first to earn less than their predecessors.”

Do you think there has been an increase in younger men working in lower paid part-time work?

To read the full article, visit: http://www.bbc.co.uk/news/business-38917756

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