Although not the underlying cause, Covid-19 has been the trigger for a global economic downturn. The UK economy has now officially entered the deepest recession on record. Northern Ireland’s economy has proven to be particularly vulnerable to this and young workers are disproportionately impacted. The current situation further underlines that capitalism cannot provide for ordinary people and is incapable of offering young people a decent future. The need for socialist policies and a socialist transformation of society are more urgent than ever.