Economics
Pandemic Widens U.K. Generation Gap With Young Poised to Suffer
- Workers starting their careers hit hard by job losses: IFS
- Covid-19 is entrenching the divide that favors older people
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The gulf between generations in the U.K. is yawning as the pandemic exposes inequalities and damages younger people’s work prospects.
The Covid-19 pandemic risks a prolonged impact on workers starting out in the labor market, according to research published by the Institute for Fiscal Studies Friday. The crisis is reducing demand for the kind of jobs typical of career-starters, such as in hospitality and retail, as well as making it harder for those in employment to find better opportunities.