at least according to a new OECD report. See here.
“It is easier to climb the social ladder and earn more than one’s parents in the Nordic countries, Australia and Canada than in France, Italy, Britain and the United States, according to a new OECD study. Intergenerational Social Mobility: a family affair? says weak social mobility can signal a lack of equal opportunities, constrain productivity and curb economic growth.”
It sounds that Canadians have more to celebrate than simply the Olympics!!!
The British press is covering this story. “A father’s income determines his son’s to a greater extent in Britain than in any other wealthy nation, with half of a high earner’s “economic advantage” being transmitted to their children, a study by the Organisation for Economic Co-operation and Development has found.” read the full Guardian story here. It remains to be seen how newspapers in the alleged land of social mobility to the south of our border USA deal with this inconvenient truth!
The OECD has published a cool YouTube video that summarizes the finding of the report.
The Past Speaks 