The Committee heard from the Resolution Foundation; its survey on young workers and the pandemic carried out in May highlighted the impact of the crisis on them including:
one-third of 18-24-year-old employees (excluding students) have lost jobs or been furloughed, compared to one-in-six 35 to 49 year olds, with these experiences also more common among employees in atypical jobs (ie. those in agency work, on zero-hours contracts or on temporary contracts).
nearly one-third of lower-paid employees have lost jobs or been furloughed, compared to less than one-in-ten top earners, with these experiences also more common among atypical employees
even three years after having left full-time education, the employment rate of today’s graduates are projected to be 13 per cent lower, three years down the line, than they would have been without the crisis
a large proportion of non-graduate leavers tend to begin their careers in sectors that are currently shutdown and likely to suffer declines over the medium-to-longer term, such as retail and hospitality.iiihttps://www.resolutionfoundation.org/publications/young-workers-in-the-coronavirus-crisis/
The Committee has heard about the impact the crisis is having on sectors which traditionally employ high numbers of young people, such as hospitality and retail.