The World Economic Forum Creates the Global Social Mobility Index

The World Economic Forum (WEF) has created the new Global Social Mobility Index, which measures social mobility and assesses the state of social mobility worldwide. According to the announcement, the Index benchmarks 82 global economies and is organized around 10 distinct pillars: health, education access, education quality and equity, lifelong learning, social protection, technology access, work opportunities, fair wages, working conditions, and inclusive institutions. The Index shows that only a small number of nations have the right conditions to enable social mobility and most countries are underperforming in four areas: fair wages, social protection, working conditions and lifelong learning.

In the Global Social Mobility Report 2020 the negative impact of low social mobility on economic growth, inequality and social cohesion is addressed:

In the Fourth Industrial Revolution, human capital is the driving force of economic growth, and frictions that prevent the best allocation of talent and impede the accumulation of human capital may significantly limit growth. Inequalities of opportunity and low social mobility underpin such frictions, and also hinder the drivers of productivity. 

Here are the top rankings:

Image Source: WEF Global Social Mobility Index 2020
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