Where you're born determines the opportunities you get in life, says the World Economic Forum

Where you're born determines the opportunities you get in life, says the World Economic Forum. (via CNBCMakeIt)

Ariel Skelley

For decades, political and economic policies have been built on the promise of helping people do better than the generations before them. But still today, in 2020, the opportunities we get in life remain largely dictated by the socio-economic circumstances we're born into., which says that most countries are failing to stamp out historical inequalities that prevent people from realizing their full potential.

Social mobility refers to the ability for individuals, families or households to move between various socio-economic strata within a society. The social framework has long been used as a measure of a society's socio-economic progress, comparing outcomes such as a person's earnings versus their parents. However, WEF's new report looks instead at inputs, such as the policies, practices and institutions within a society.

The social and economic consequences of inequality are profound and far-reaching: a growing sense of unfairness, precarity ...The report comes as leaders gather to discuss key global issues at WEF's 50th anniversary in Davos, Switzerland.

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