Why are children the future of business?
By 2020, according to new research, the average UK child will be an entrepreneur.
And that’s only if they can pay their bills on time.
This is the conclusion of a new study, funded by the British Innovation Foundation, which found that in 2020 children in the UK are more likely to have been educated to become a successful entrepreneur.
The research, published by the Brookings Institution, is based on the work of a team of researchers who analysed data from the UK’s National Child Development Survey (NCDS), which asked respondents if they had ever been able to make money as an entrepreneur, in the last six months of their life.
The survey was completed by the Office for National Statistics (ONS) and is a regular measure of the economic well-being of children in Britain.
The researchers found that the average child who had been able in the previous six months to make a £500 profit in the year they were asked to complete it had been educated at least as much as the average British adult.
The average child, the researchers found, had at least two years of working experience and had been in work for at least five years, and had a high school education.
This means that in the past six months, children in this cohort had been more likely than those in the general population to have had the skills to be an Entrepreneur in 2020.
The study, published in the journal Business Review, looked at a wide range of topics including:The average UK parent of a child aged 5-9 is now expected to make £3,879 a year.
However, the study found that this is only slightly higher than the figure that is earned by a child who has not reached the age of five, at £3.3m.
The gap between parents with the skills needed to be a successful Entrepreneur is larger in England and Wales.
The study found the average parent of an 8-year-old in England, who is employed, would earn £3m a year compared to the £3million that would be earned by the average 8-month-old who is not employed.
The report found that a child with the necessary education, skills and experience was more likely if they could make a minimum wage and was more confident in earning a wage.
The difference between parents who had the ability to earn a minimum salary and those who did not is smaller in the Northern Isles.
The Northern Isles are the only region in which the average earnings gap between the richest and poorest is less than 10 per cent.
According to the ONS, the gap between a UK child who is aged 12-16 and a child in the working age population is greater than 50 per cent, with the gap in England reaching a peak of 41 per cent in 2020, and a record high of 42 per cent for children aged 17-18.
In Scotland, the gaps are even more stark.
In 2020, the percentage of working age adults aged 15-64 who had never held a job was 20.5 per cent compared to 8.3 per cent nationally.
In contrast, the UK as a whole is more likely today to have an average annual earnings gap of 21 per cent (as opposed to 15.4 per cent) for children who have never held any job.
The ONS found that for every £1 in additional earnings a child earns from being an entrepreneur in 2020 compared to a child earning the same amount from working, the child’s lifetime earnings increase by £1,938.
However, there is an exception to the rule in Scotland where the earnings gap is slightly higher, at 12 per cent; and the average annual gap for children of this age group is around 8 per cent across the UK.
The gap between those two groups is much smaller, with an average gap of only 3 per cent nationwide.
The Brookings Institution report, “Success in the Age of Children”, said that children who are in the workforce and who have had sufficient schooling, the right social support and who are prepared to work for a living will be able to prosper.
The authors said that these characteristics, combined with the right kind of job and the right career path, can help children become successful.
But, they added, there are a number of issues that need to be addressed to create a world where children do not need to struggle to be successful.
They noted that a lack of support and access to employment is a major barrier for children, and that the barriers to entry to the workplace for children are wide ranging, from limited access to basic training to lack of appropriate support.
The findings of the Brookings Institute report also highlight the role of the local authority, the education system and the wider economy.
They pointed out that local authorities in England have the highest levels of children with the appropriate skills and the support to succeed in the workplace and the education sector.
They also said that local education systems are important because they are the place where children are able to achieve the skills they need to flourish.According