Under post-Brexit visa plans, Mr Raab is proposing a “youth mobility scheme” which would allow people aged between 18 and 30 to remain in Britain.
Britain’s current scheme allows young migrants from Canada, New Zealand, Australia, Japan, Monaco, Japan, Taiwan, Hong Kong and South Korea.
Speaking at a Tech UK summit, Mr Raab said: “We are very keen on the idea of a UK-EU youth mobility scheme so that young people can come and take advantage of not just the fun that can be had by travelling, but also the work opportunities.”
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Dominic Raab admitted the Government would have to “restore public confidence” in the UK’s migration system but “do it in a way that maintains the UK as an open, outward-looking country”.
He warned that business would have to pay low-skilled workers more after Brexit.
The Brexit Secretary added: “One of the things we need to do is increase productivity and pay those that come here a bit more.
“There is a real issue about wages and cost of living. We need to make sure we have a pro-consumer Brexit and one that is easing the cost of living by cutting prices in the stores here.”
Prime Minister Theresa May has come out in full force in support of European citizens living in the UK by reassuring them their rights will be protected in the event of a no deal.
Mrs May has been keen to reassure the 3 million EU citizens residing in the country, saying: “First there are over 3 million EU citizens living in the UK who will be understandably worried about what the outcome of yesterday’s summit means for their future.
“In the event of no deal, your rights will be protected.
“You are our friends, neighbours and colleagues. We want you to stay.”
Mr Raab echoed these comments telling EU migrants: “We want you to still feel this is your home.
“Ending free movement is one of the key things we have said we want to achieve. But it doesn’t mean pulling up the drawbridge.”