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This paper rejects the cases made in recent volumes of this journal for incorporating political economy into youth studies. A brief review of young people's transitions from education into employment in the UK during and following the 2020 and 2021 lockdowns shows how youth transitions research engages routinely with changes and continuities in politics, state policies, the economy and labour markets. It is argued that the main weaknesses in current transitions research arise from our lack of an up-to-date class scheme within which to locate subjects' childhood origins and adult destinations. However, the paper illustrates how young researchers occupy a privileged position from which to identify emerging, consolidating and declining social classes. The conclusion is that youth studies must necessarily foreground young people, that it must engage with the outcomes of political and economic processes but has no need to 'dig deeper' into political economy for alleged underlying root causes. [ABSTRACT FROM AUTHOR]