Tech revolution could worsen global inequality: WEF report

Global inequality is going to worsen unless governments do more to ensure that those most affected by rapid technological change are not just cast aside and forgotten, according to the World Economic Forum (WEF).

As it prepares for its annual Davos, Switzerland, gathering of leaders this week from the worlds of business, politics and finance, the WEF said it is time to change the fact that a person’s lot in life is still largely determined by his socio-economic status at birth.

The result, it said, is that societies “too often reproduce rather than reduce historic inequalities”.

The WEF yesterday released the findings of its social mobility report. The Global Social Mobility Index benchmarks 82 economies, assessing their levels of mobility in 10 fields including health, education, technology and wages.