Members of the “employment ice age generation” graduated from high school or university from around 1993 to 2004, when it was extremely hard for new graduates to find regular full-time work as businesses cut back on hiring following the collapse of the bubble boom and the subsequent financial industry crisis. Now in their mid-30s to mid-40s, more members of this generation remain stuck in unstable irregular jobs and earn less than their older counterparts. Concern is mounting that as they enter retirement age, large numbers of this generation could face poverty with low or no pension benefits and be forced to rely on welfare support, putting greater pressure on the social security system.

The government has compiled a draft measure to help members of this generation get better paying regular full-time jobs. The reported draft seeks to provide intensive support to about 1 million members of the ice age generation who are particularly needy — with the ambitious goal of having 300,000 of them land regular full-time jobs within three years by providing job counseling and practical training programs.

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