Monday, 7 March 2016

"Revealed: the 30-year economic betrayal dragging down Generation Y’s income"

Full article in The Guardian.

A combination of debt, joblessness, globalisation, demographics and rising house prices is depressing the incomes and prospects of millions of young people across the developed world, resulting in unprecedented inequality between generations.

Pretty much sums it up. But this isn't just something that happened, it is the result of deliberate government policy.

(No doubt the oldies will airbrush out of history the fact that in The Good Old Days, when they were in their twenties and thirties, they had a fair crack of the whip - jobs for all, free university education, buy a house with a mortgage of twice your salary and pay it off in ten or fifteen years? Pshaw! Never happened! Why should today's youngsters expect the same?)

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