A mere 62 people hold wealth equal to half of the world says Oxfam
Advertisement
Advertisement
The anti-poverty agency was speaking on the eve of the World Economic Forum (WEF) in Davos, Switzerland.
"Runaway inequality has created a world where 62 people own as much wealth as the poorest half of the world's population -- a figure that has fallen from 388 just five years ago," stated the aid group report, which was published ahead of WEF, an annual meeting of the world's financial and political elites.
The report was names "An Economy for the 1 per cent", and also stated that women face excessively effects because of this global
Advertisement
"One of the other key trends behind rising inequality sout in Oxfam International's report is the falling share of national income going to workers in almost all developed and most developing countries. The majority of low paid workers around the world are women," added the report.
Even as world leaders have been talking about bridging inequality, the reality is that it’s far from done. In fact, the gap has radically broadened in the past year.
The forum meeting which starts tomorrow and ends on January 23rd would see more than 40 heads of state and government.
Image source
Advertisement
- IMD forcasts heatwave for few states in next 5 days
- IIFL Securities Q4 profit more than doubles to ₹180 crore
- Global economy to grow 2.7% in 2024 as major economies avoid severe downturn: UN report
- North Korea has fired a ballistic missile toward Sea of Japan, says South Korean military
- Finance minister asks for greater push and investment in the manufacturing sector at the CII Annual Summit