While the pandemic’s health impacts have fallen mainly on older generations, in many countries it is the young who have proved most vulnerable to its economic impacts. For the young, this has become a crisis not just of health but of opportunity. For more than a year, they have seen job prospects dry up and their learning interrupted.
Berlin, London, Madrid and Paris are engines of productivity growth that have long been magnets for young and skilled workers. COVID-19 has brought this boom to a halt. Indeed job posting data offer an unparalleled view of how the pandemic has transformed labour markets in Europe’s four largest capitals at the start of 2021.