According to the BBC, youth unemployment is a huge cause of concern in the current U.K financial climate. The recession has left a “legacy” of young unemployed people due to most companies streamlining staff and keeping on more experienced employees.
The BBC recruited economics experts to predict the future of such a “lost generation” in terms of future economic success as a nation and in individual terms. Looking back to past recessions, experts were quick to point out that the phrase “lost generation” doesn’t suit the long-term effects of youth unemployment. They pointed out that historically speaking, by the time the current youth hit forty-years-old, around one in five will still bear the scars of youth unemployment in the form of lower wages and less realised career aspirations.
We don’t just focus on sheet cutting and timber ethics here at Booker Timber HQ. We keep a pulse on everything from the latest developments in MDF sheets to the current coalition government’s stance on Health & Safety in our industry. Youth unemployment and the future of the U.K economy is something we follow with daily interest. We believe training and development are the way to make sure the next generations are prepared for their working lives.
In our industry, we stick steadfastly to the moral that peer training and skill development are the key to keeping the next generation in employment, whether that’s overseeing cut to size MDF or developing better eco-practices in our timber yard.