What bit of that is ****e? Was only talking to an business acquaintance the other day about how entry wages into most jobs have hardly risen in 20 years, while house prices have doubled.
eg. I started at
this company in 1998 on £20k (and left over a decade ago). Guess how much they are paying trainees today? Just under £20k!
When I got that job, within 9 months I bought my first flat in Walthamstow for £56k. A
flat in the same block recently sold for £200k - almost 4 times more.
EDIT- OMG,
this one is even more, and is right next to, or below, my old flat
Now kids will have to save for 10 years just to get enough for a deposit, then will need a partner with a good job, help from bank of mum and dad, and probably still struggle to get a home of their own.
And retail is a lot worse than city banking, and many young people are literally trapped in poorly paid jobs in the retail sector. Once you're in, it is hard to get out. So let them have a few days off a year!