Upward mobility is becoming a global challenge that may be related to the technological revolution, according to Mike Milken, chairman of the Milken Institute.
, I have a much better chance to rise in my lifetime to the highest than I do in other cities," he said.
Social mobility refers to how easy or difficult it is for someone to rise to a higher social or economic position.Milken then described how the technology revolution led to uncertainty in the world. "Every single one of the most valuable companies in the world today believed in faster computers, lower cost of data, " he said. "With that, enormous fortunes have been created."
However, people are also becoming worried about the future of jobs as technology changes every industry, he said, citing the sectors such as the
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