How else did anyone think this was going to work out?
In The Guardian, no less:
British companies are struggling to afford to hire young people after a long period of rising costs that have hit profit margins and derailed recruitment plans, business leaders say.
Rising labour costs including increases to the minimum wage and employer’s national insurance by the government have put young people at the back of the queue when employers consider recruitment, business lobby groups told MPs.
They added that the Employment Rights Act threatened to make the situation worse if it discouraged employers “from taking the risk” of hiring young people with fewer skills, or without a long track record in the workplace.
Any mandated increase in the price of labour will hit hardest those with the lowest value labour - the young, untrained and untried.
How else did anyone think this was going to work out?
Tim Worstall