August 21, 2017

How to Move Millions Up the Income Ladder

Five interventions have the potential to significantly impact economic mobility.

By: Deborah Bielak, Devin Murphy

THE AMERICAN DREAM is not unique to America. Parents the world over harbour the hope that if their children work hard and build their skills, they can climb the income ladder and attain a higher standard of living. However, the odds that children will rise above their life’s station are more promising in many industrialized nations than they are in the U.S.: According to the Economic Policy Institute, Canada, Denmark, Norway, Finland and Australia offer the greatest opportunities for upward mobility. Meanwhile, the UK and the U.S. lag behind, just a couple of notches above countries with much smaller economies like Slovenia and Chile.

Read more at Rotman Management magazine