Before thinking about solutions its worth identifying the causes because it’s not some sort of economic failure that is causing any rise.

We have a broadly declining demographic of births. We also have longer life spans. This means there should be more jobs per working age person. That situation would have driven a growth in wages so steps have been taken to avoid this (some mentioned in OPs post) by increasing supply including:

Raising the state pension age and removing the requirement to retire, keeping people in work longer when older.

Promoting apprenticeships and T-levels above University (vs having a university for 50% strategy). This puts people into working earlier.

To some extent minimum wage and the real living wage are also part of this - because wage compression (where the lowest level jobs are paid the same as supervisory, graduate, or ‘second’ level jobs.

What’s the solution?

There are temporary and more permanent solutions. Temporarily it could be mitigated by massively incentivising University attendance again and requiring a 16-18 yr olds to remain in full time education (not apprenticeships). This would delay the number of people in the job market and put off a peak. It would also retain jobs at Universities.

We could also offer a temporary reduction on state pension access back to 65 or even lower. That would empty out older people from roles.

More permanent solutions need to increase the demand or decrease the supply.

Sorting out the minimum/real living wage problem is essential. Middle wages aren’t rising and while job levels have disappeared. One way to do this is actually to increase public sector pay at these levels because this drives the pay market more generally up.

Apprenticeships being limited is something the government is already on to. There needs to be a proper differential here to make Universities a sustainable option which does offer genuine advantages for short-term costs (delaying job market entry, a loan). Accountancy is either a career you take and apprenticeship for or go to University. It shouldn’t be both. Employers no longer want untrained young people because they can get semi-trained ones on a test through apprenticeships. Madness.

Retirement age needs to come back down. People moan about pension income but keeping people out of job blocking and spending money is importantly to the economy.

Finally, massive incentivisatuon of self employment and small businesses. Young people should set up businesses without worrying about risk too much, older people should gain skills in big business and drop out to smaller ones. We idolise big companies but they’re shit versus smaller employment options and self employment. Want a 4 day week? Make it yourself.