New report on incomes for under 35’s

Source: Triple J Hack

In the news this morning was a report about pay rates across age brackets, which made headlines because it showed that young people are earning less than they were 10 years ago.

This report from ABC News/Triple J Hack – ‘The lost decade’: Young people getting paid less now than in 2008 – lays it out in pretty stark terms, and it’s not pretty.

The lack of jobs, and increasing rates of casual and part time roles for young people make it difficult to earn more, in fact many people are just happy to have a job at all.

 

Source: Triple J Hack
Source: https://www.abc.net.au/triplej/programs/hack/young-people-getting-paid-less-than-before-gfc/12505140

 

So what can you do about it?

At Study Work Grow, we would love to be able to wave a wand and create a meaningful, well-paying job for everyone. But our super powers simply don’t extend that far. What we would say to young people concerned about this is that you need to take charge of your own career.

  1. Get as much of an education as you can, as that will help increase your employability.
  2. Keep a good record of your accomplishments and have an up-to-date resume ready to go. In a crowded field you want yours to stand out and be completely error-free. You can use our Online Portfolio to manage your resume items.
  3. Don’t panic – everyone is in the same boat and a positive, flexible and adaptable attitude will help. There are still opportunities out there, but you may need to look a little harder or start out a little lower on the ladder.

I’ll be honest, it was hard to find the positive take-aways from this report, but we’ll keep looking for more ways to help you navigate your options in this rapidly changing world.

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