{"id":14406,"date":"2014-05-13T04:12:34","date_gmt":"2014-05-13T04:12:34","guid":{"rendered":"https:\/\/new.igihe.com\/parents-wealth-influences-earnings\/"},"modified":"2014-05-13T04:12:21","modified_gmt":"2014-05-13T04:12:21","slug":"parents-wealth-influences-earnings","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/parents-wealth-influences-earnings\/","title":{"rendered":"Parents’ Wealth Influences Earnings"},"content":{"rendered":"
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{{The wealth of your parents has more influence on earnings in Britain than in any other advanced country, according to a study.}}<\/p>\n

Analysis by the Trades Union Congress (TUC) found only Italy had a similar level of “earnings persistence” through generations.<\/p>\n

The report – Dismantling the Barriers to Social Mobility – compared the UK to other major economies on seven key criteria.<\/p>\n

They included income equality, where Britain ranked 29th out of 34 Organisation for Economic Cooperation and Development (OECD) states.<\/p>\n

It came 14th out of 29 countries in Unicef research on the proportion of children living in households with below 50% of median income.<\/p>\n

For full-time women’s employment, the UK was only 21st out of 26 wealthy nations.<\/p>\n

But it was above average in per capita spending on education.<\/p>\n

TUC general secretary Frances O’Grady said: “People’s incomes in Britain are more influenced by their parents’ wealth than in any other advanced country.<\/p>\n

“This lack of social mobility holds millions of people back and means that they don’t get a fair share of the benefits of a growing economy, such as decent pay and educational opportunities.<\/p>\n

“Worse still, rising inequality means that the price people pay for a lack of social mobility is getter bigger.<\/p>\n

“But while few people in this country would argue against social mobility, successive governments have a poor track record of tackling it.<\/p>\n

“When it comes to income inequality and full-time employment rates for mothers, the UK is ranked well below our global competitors.<\/p>\n

“Raising the full-time employment rates for mothers is an important way to boost social mobility and one we’d like all political parties to commit to.<\/p>\n

“But with over six million people working part-time in Britain we also need to tackle the pay and career penalties faced by those who want – or need – to work shorter hours.”<\/p>\n","protected":false},"excerpt":{"rendered":"

{{The wealth of your parents has more influence on earnings in Britain than in any other advanced country, according to a study.}} Analysis by the Trades Union Congress (TUC) found only Italy had a similar level of “earnings persistence” through generations. The report – Dismantling the Barriers to Social Mobility – compared the UK to […]<\/p>\n","protected":false},"author":2,"featured_media":2000052151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[101],"byline":[334],"hashtag":[],"class_list":["post-14406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-internationl","byline-igihe-reporter"],"bylines":[{"id":334,"name":"IGIHE Reporter","slug":"igihe-reporter","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"contributors":[{"id":334,"name":"IGIHE Reporter","slug":"igihe-reporter","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"featured_image":{"id":2000052151,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton14406.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton14406.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton14406.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton14406.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton14406.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton14406.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/14406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=14406"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/14406\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000052151"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=14406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=14406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=14406"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=14406"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=14406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}