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

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

Social mobility, Class issues, Inequality, Society, UK news, Poverty, Business, Social exclusion, Apprenticeships, Education, Vocational education, Further education, Young people Business | The Guardian

​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… 

Co-op/Demos report details how people from lower socioeconomic backgrounds are far less likely to earn good incomes

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”.

Continue reading… 

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