The Resolution Foundation has carried out research which suggests that young people are ‘less likely to move around the country for a better job’ as rental costs have risen considerable
The research showed that the number of people aged between 25 and 34 that move house for a new job had decreased from 30,000 in 1997 to only 18,000 in 2018.
Though the Resolution Foundation acknowledges that there are other factors which may have influenced peoples’ decisions not to relocate, e.g. staying close to friends and relatives. They also suggested that the financial incentives for moving are now ‘much lower’.
It has been stated that reduced job mobility could lead to fewer young people trying out different roles, and a decrease in the amount of people developing extra skills that could help enhance their career.
Quote from Nigel Holland:
“It is important that young people feel comfortable with accepting a new job, even if it means relocating. Although relocating could mean leaving their friends and relatives behind, a new job in a new place could prove very beneficial to young people’s careers.”