The below Parliamentary question was asked by Phil Boswell on 2015-10-30.
To ask the Secretary of State for Business, Innovation and Skills, what assessment he has made of the implications for his policies of the finding of the Equality and Human Rights Commission in its report, Is Britain Fairer, published in October 2015, that up to 2013 there was a decline in both earnings and full-time employment for younger workers, despite them being more likely to be better qualified than previous generations.
Nick Boles
Since 2013 employment has risen by over a million people and the UK’s employment rate is at a record high. The Government is creating employment opportunities for all age groups. Since the first quarter of 2010, youth unemployment has fallen and 229,000 more young people are in employment.
Skills remain important for delivering better employment outcomes for younger workers. The lifetime benefits to apprentices are between £48,000 and £74,000 for Level 2 and between £77,000 and £117,000 for Level 3 Apprenticeships. The average graduate of higher education will earn over £100,000 more over their lifetime than a similar individual who completed their education with 2 or more A levels. The Government is therefore ensuring further and higher education providers are more responsive to the needs of employers, and that young people get the rights skills for the job market.