Young people in the UK have it tough

Young folk cant move outside the UK to live.
Brexit.

I don't think even the trades are 'safe' jobs anymore.

As people get poorer and poorer the amount of renovation work going on will collapse. It will either not get done, or people will do a lot more DIY themselves.

It's also widely known as the best option for employment, so people will flood into that sector.

If I were young and healthy now I'd be finding somewhere rural/remote and cheap. Possibly outside the UK. Learn how to be more self sufficient and buy a plot of land large enough to grow my own food and keep some animals. Sort of partially off grid. I'd seek out a partner, and I wouldn't have children. I think there will be a trend towards this sort of lifestyle. We are being taken for a ride by all large organisations so it's time to give them the middle finger and lessen our reliance on them. The model is broken.

That's your choice, but what do you think you are actually going to achieve? I suspect nothing at all, other than blight the rest of your life railing against something with is over and done with and can't be changed.

As I have already commented, the UK was very far from being the only country which had lockdown.

Who’s Julian Jessop?

Ask Meg Hillier - I noticed that Julian Jessop was giving evidence to the Treasury Committee several months ago - discussing the future of the OBR. Meg Hillier was chairing - I imagine she invited him.

Just about every economist agrees with it

That's funny - the research you linked to is a working paper which hasn't been peer reviewed - well apart from the review in my link.

BIossomtoes
Of course the New Statesman wasn’t impressed any more than I suppose The Telegraph would be

I thought the New Statesman was left-leaning - were you thinking of the Spectator?

I also worked with someone whos memory was gone. It wasn't nice for anyone

Who’s Julian Jessop? Just about every economist agrees with it and you come up with some nonentity with a Substack.

Yes I think it is extremely tough. The current generation in their 20s will be the first generation where living standards will be worse than the previous generation. Jobs are now scarce, home ownership is impossible without parental support and Government policy favours the middle aged and elderly. Notably via the triple lock. The challenge is to get people to vote in numbers and also for a party which will prioritise their interests. Sadly currently none of the main parties do this.

Critique of that study published here;

https://julianhjessop.substack.com/p/what-the-nber-gets-wrong-on-the-economic

Of course the New Statesman wasn’t impressed any more than I suppose The Telegraph would be. This research wasn’t commissioned by Khan yet reached pretty much the same conclusions.

https://www.kcl.ac.uk/news/new-research-finds-uk-investment-up-to-18-per-cent-lower-as-a-result-of-brexit

the economy has shrunk

The economy/GDP hasn't shrunk - some people claim GDP would be higher if we had not left the EU.

1.8 million jobs have been lost as a direct result of Brexit

That study was commissioned by Sadiq Khan (at a cost of £55,000) - critiqued here:

As with the growth figures, the only way you get to that number of additional jobs is both heroic extrapolation, and ignoring the pandemic.

https://capx.co/sadiq-khans-brexit-figures-are-straight-out-of-fantasyland

The New Statesman were not impressed either;

Sadiq Khan’s Brexit baloney won’t fix the economy.
Even pro-Remain economists question his conclusions.

https://www.newstatesman.com/politics/brexit/2024/01/sadiq-khan-brexit-baloney-wont-fix-economy

No, we don’t need to pause it, we need to stop it. There’s no reason to have it any more. Increase the state pension in line with the increase in wages and make it fair for everyone. Unfortunately no party has the courage to do it.

I’m not really saying it’s a definite ticket - it just gives several more options for future employment and allows them the opportunity to look elsewhere before they are tied down with responsibility here and can’t leave.

Youth unemployment is bad in many countries, reasons are multi faceted but I can tell you that moving overseas won’t necessarily make a better outcome unless they have experience first. There are jobs but they need to be flexible, willing to move and quite frankly look at different sectors they never imagined. We are short or many trades, engineers, defence industry workers, care, agriculture, just off off the top of my head that I personally know about and every pub in my town is hiring

My life is meaningful as is I don't have much but what I do have money can't buy
I don't need dusty old books to guide me.

We need to pause that now

Perhaps life might be a bit more meaningful if you tried reading it.

This would cost the country billions in increased state pension payouts.

Ooo the Bible that oracle of good advice along with the other dusty old books as a guide to modern life and still causing mayhem and hatred around the world.

Who pays the massive cost of the extra years of
triple locked state pension? Are you happy to pay much more tax for that?

Come back to me around 2032-ish then. For now it’s improving, albeit not as fast as anyone would like.

Simple fix, reduce retirement age.
The increase to pension age means less movement below, including the bottom recruitment rung.

Even if it is now, the departure of all the wealth creators will not have an immediate effect. It will take a few years.

Amazing advice 🙄

yes and all over the world we have the same problem - people have no idea how still good here is