This latest report from UK think tank Resolution Foundation explores the findings from their coronavirus survey.
The coronavirus crisis is expected to hit workers hard, with evidence from previous crises indicating that the young are likely to be affected to a greater degree than most. In this spotlight we move from speculation to evidence, presenting new findings on how different age groups – and in particular the young – have been affected. Younger and older workers have experienced the brunt of the hit to jobs and pay, with the very youngest in the most challenging position. One-third of 18-24-year-old employees (excluding students) have lost jobs or been furloughed, compared to one-in-six prime-age adults, with these experiences also more common among employees in atypical jobs. Similarly, 35 per cent of non-full-time student 18-24-year-old employees are earning less than they did prior to the outbreak, and 30 per cent of those in their early 60s, compared to 23 per cent of 25-49-year-olds. The Coronavirus Job Retention Scheme has been well-received, especially by the youngest workers: around two-thirds of 18-24-year-olds who have been furloughed are happy about that outcome. And around seven-in-ten 25-39-year-olds in work are currently working from home at least some of the time. This is also the age at which workers are most likely to expect to work from home more in the future than they did before the coronavirus outbreak.Read Full Report