Young men today will earn £12,500 less in their 20s than the generation before them, according to a thinktank, partly as a result of taking on low-paid jobs previously done by women.
Torsten Bell, the director of the Resolution Foundation, will argue that evidence showing Generation Y, also known as millennials, earn less than their Generation X predecessors in every year between 22 and 30 was a blow to the idea that each age group should be better off than the last.
In a lecture in Manchester on Thursday, Bell will show that women have adapted better to changes in the workplace brought on by automation in the past 25 years. Women have responded to the loss of secretarial jobs by moving into higher-skilled posts, whereas many of the men who lost manufacturing roles have ended up in lower-skilled and lower-paid occupations.
