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Lack of social mobility is costing UK £19bn a year, report finds
The Guardian
|October 29, 2024
A lack of social mobility is costing the UK £19bn a year, a report produced by the cross-party thinktank Demos and the Co-op has found.
The Social Mobility Commission, which advises the government, defines social mobility as "the link between a person's occupation or income and the occupation or income of their parents".
The Co-op/Demos report, the Opportunity Effect, details how in the UK people from "lower socioeconomic backgrounds" are "far less likely to earn good incomes, even after accounting for levels of education", with the World Economic Forum's Global Social Mobility Index 2020 ranking the UK 21st out of 82 economies.
This story is from the October 29, 2024 edition of The Guardian.
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