Developed countries with more unequal distribution of wealth less social mobility.Group of answer choicesTrueFalse

The statement "Developed countries with more unequal distribution of wealth have less social mobility" is generally considered to be True.

Explanation:

Wealth inequality can create barriers to economic opportunities. In societies where the wealth gap is significant, those from lower socioeconomic backgrounds may find it challenging to access quality education, healthcare, and job opportunities, which are essential for upward mobility.

Supporting Evidence:

1. Education: Inequality often leads to disparities in educational access and quality. Children from wealthier families can afford better schools and tutoring.
2. Job Opportunities: Economic inequality often correlates with limited access to professional networks and job prospects for lower-income individuals.
3. Generational Wealth: Wealth concentration allows affluent families to pass on assets to their children, creating cycles of wealth that are hard for those in lower-income brackets to break.

In conclusion, empirical research supports that developed countries with larger wealth disparities tend to exhibit lower levels of social mobility.