Resolution Foundation says there has been a marked fall in UK labour mobility since the turn of the millenniumThe unwillingness of young graduates to move from their home regions is behind a marked drop in Britain’s labour mobility since the turn of the millennium, a thinktank has said. Business Today: sign up for a morning shot of financial news Read moreIt said the evidence was that the decline was being driven by the young, particularly young graduates, many of whom were giving up the chance of getting a pay rise by their reluctance to move. A person under 30 who moves job and employer secured an 11% boost to their wages, the Resolution Foundation said. In 2001, when 31% of graduates were doing jobs for which they were overqualified – 1.8% of people with degrees moved region and employer. By 2016, only 1% of graduates moved region and employer, and 35.6% were doing non-graduate jobs.

Source: The Guardian August 14, 2017 22:52 UTC