The ability to change your socioeconomic status within a society based on your effort or lack thereof is social mobility. As a result, the high, middle, and bottom classes’ memberships shift over time.
Low-income families remain poor, and privileged families remain wealthy as long as social mobility is low. High social mobility shows that people can improve their lives, and the wealthy may face competition for their monopoly on resources from anyone who adds value. The elements of social mobility listed below are common.
Transportation
Transportation is an option. For instance, if a government establishes an effective and economical mode of transportation to the mainland, the social mobility of an isolated island will improve.
Technology
Technology is available and a tool many continue to need in the modern world. For example, a gadget with internet access might theoretically finish an individual’s education utilizing approaches like a digital university.
Education
Education is regarded as a critical component of social mobility. Lower social mobility is caused by a costly education system that provides rich families preferential consideration through legacy and escalator school admissions. Social mobility is greater when admission is based exclusively on academic merit with a low-cost education system.
Taxation
Taxation that disproportionately affects the middle and lower classes impedes social mobility. Taxation might be more burdensome at a low-income level since a higher percentage of income is spent on necessities such as food.
A progressive tax system with no loopholes for the wealthy might boost social mobility significantly. A good example is taxing billionaires at 90% while taxing the middle class at 2%.
Net of Social Protection
Healthcare, housing, basic income, education, workers’ compensation, and pensions are all examples of low-cost or no-cost public services. Consider a society in which no one goes into debt because they are sick. A social safety net enables middle- and lower-income people to take economic risks like starting a business or investing in education.
Health
Health is a measure of how healthy people from a certain socioeconomic class are. If your family is dealing with issues such as cancer or addiction, it is more difficult to invest in schooling.
Free Markets
Entrepreneurship is powerful social mobility that allows people to create their enterprises and participate in markets.
Infrastructure
Economic opportunity is created by hard and soft infrastructure, making it easier to find work or start a small business.
Economic Development
A booming economy can lead to an explosion of social mobility by allowing new enterprises to develop and increasing the demand for workers.
Entrance Barriers
Entry barriers limit social mobility. For example, onerous laws and red tape make it difficult to start a small business and compete with larger corporations that can easily meet these demands.
If you’re keen on learning more about social mobility and its role in changing human behavior, read through our blogs at Living By Example.
Founder/CEO
Brian formed Living By Examplealongside Cynthia after working for two decades alongside international institutions for humanitarian aids and other efforts worldwide, may it be catastrophes made by men or nature. Brian built Living By Examplewith the hopes of bringing more cultural diversity across the internet.
He primarily writes amazing stories about cultures and shares different ideals with our readers through his stories. He believes that people empowerment is important especially during these trying times.
