Indian professionals have better prospects in Canada than in the USA
Canadians have a far better chance of economic and social mobility than Americans. So Indian professionals looking at migrating for a better life should be more eager to move to Canada than the United States.
This is one of the inferences to be drawn from The Social Mobility Report for 2020, released today by the World Economic Forum (WEF). In the study, which measured the ability of a child to experience a better life than their parents, Canada ranked 14th, ahead of the U.S., which is ranked 27th.
The report reveals that in the US, the top 1% of income earners in 2018 earned 158% more than in 1979, in comparison to just 24% for the bottom 90%.
Among the G7 economies, besides Canada and the U.S., Germany is the most socially mobile, ranking 11th, followed by France in 12th position, Japan (15th), the United Kingdom (21st), and Italy (34th).
Indian ranked near the bottom, 76th among 82 countries. Among the world’s other large emerging economies, the Russian Federation is the most socially mobile, ranking 39th, China, 45th, Brazil (60th), and South Africa (77th)..
Social mobility can be understood as the movement in personal circumstances either “upwards” or “downwards” of an individual in relation to those of their parents. And relative social mobility is an assessment of the impact of socio-economic background on an individual’s outcomes in life.
The Global Social Mobility Index, which benchmarks 82 global economies, is designed to provide policy-makers with a means to identify areas for improving social mobility and promoting equally shared opportunities in their economies, regardless of their development.
Link to the full World Economic Forum Social Mobility 2020
