ISLAMABAD – When it comes to fair wages, Pakistan is ranked higher thanIndia according to a report by the World Economic Forum (WEF).
Ahead of its annual meeting in Davos, WEF released its first-ever GlobalSocial Mobility Report for 2020. The report assesses differentsocio-economic indicators in 82 countries.
According to the report, Pakistan ranks 72nd in fair wage distributionwhile India is ranked 79th.
Moreover, Pakistan fares better than India when it comes to employmentopportunities, placing Pakistan and India at 67th and 75th positionsrespectively.Determinants of Social Mobility
WEF describes social mobility as either the upward or downward movement ofan individual in relation to their parents. The impact of socio-economicconditions on an individual’s life is described as relative social mobility.
The report evaluated the following socio-economic determinants for 82countries:
1. Health 2. Education – Access to education – Quality of education – Lifelong learning 3. Access to Technology 4. Work – Work opportunities – Fair wage distribution – Working conditions 5. Resilience and institutions – Social protection – Inclusive institutions
Best Performers
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Nordic countries have occupied the top five spots in the report. Denmark isranked first with a total social mobility score of 85.2, followed byNorway, Finland, Sweden, and Iceland. The report has placed the UK at 21stand the US in the 27th position.
Whereas India is placed at 76th and Pakistan at 79thlink inthe final compiled social mobility index.Key Findings
The report highlights that only a few countries have the rightsocio-economic opportunities that could foster social mobility. Meanwhile,nearly all countries fared badly in the fair wage distribution, socialprotection, working conditions, and lifelong learning.
With increasing inequality, children raised in a less privileged backgroundare more likely to experience barriers to success than the children borninto affluent families. The report has underscored that inequalities withina society can undermine its cohesiveness.
*Read the detailed report at the World Economic Forumlink.*
