Social mobility in richest countries has stalled since 1990s

Guardian - Income inequality has increased and social mobility stalled across the world’s richest countries since the 1990s, trapping families on low incomes at the bottom of the earnings ladder, according to an in-depth report by the Organisation for Economic Co-operation and Development.

The Paris-based body, which counts 34 countries as members, said barriers to social mobility were harming economic progress by shutting out vital workers and undermining political stability as people became cynical about their prospects.