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Millennials' pay 'scarred' by the 2008 banking crisis

Pay for workers in their 30s is still 7% below the level at which it peaked before the 2008 banking crisis, research has suggested.
The Resolution Foundation think tank said people who were in their 20s at the height of the recession a decade ago were worst hit by the pay squeeze.
It suggested the crisis had a lasting "scarring" effect on their earnings.
The foundation said people in their 30s who wanted to earn more should move to a different employer.
The research found those who stayed in the same job in 2018 had real wage growth of 0.5%, whereas those who found a different employer saw an average increase of 4.5%.
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