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The Guardian

UK loses out on £19bn in annual GDP growth due to lack of social mobility

The Guardian on
UK loses out on £19bn in annual GDP growth due to lack of social mobility



Co-op/Demos report details how people from lower socioeconomic backgrounds are far less likely to earn good incomesA 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”. Continue reading…



Source link : https://www.theguardian.com/society/2024/oct/28/uk-loses-out-on-19bn-in-annual-gdp-growth-due-to-lack-of-social-mobility

Author : Chris Osuh Community affairs correspondent

Publish date : 2024-10-28 16:43:30

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Tags : The Guardian

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