I wouldn’t use induction, and since it’s only a hint, you’re probably not required to do so. I’d begin by dividing both sides by $j!$ to rewrite the inequality as
$$j+1\le\binom{n}j\;.\tag{1}$$
This is easily checked for $j=0$; you’ve essentially done this in your base step. Thus, I might as well assume that $1\le j\le n-1$. By pairing up a subset of $\{1,\ldots,n\}$ with its complement, we see that $\binom{n}j=\binom{n}{n-j}$. (This may be the symmetry idea mentioned in the hint.) Thus, $(1)$ is equivalent to
$$j+1\le\binom{n}{n-j}\;.$$
This says that $\{1,\ldots,n\}$ has at least $j+1$ subsets of size $n-j$. And that’s true. To see this, let $A$ be a subset of size $n-j$. Since $j<n$, $A$ is not empty, and I can pick an $a\in A$. For each $k\in\{1,\ldots,n\}\setminus A$ let $A_k=(A\setminus\{a\})\cup\{k\}$, the set obtained by removing $a$ from $A$ and replacing it with $k$. Show that these sets, together with $A$ itself, are $j+1$ distinct subsets of $A$ of size $n-j$.