Wednesday, February 12, 2020

Inequality in wealth and work

The world’s richest 2,153 people controlled more money than the poorest 4.6 billion combined in 2019, while unpaid or underpaid work by women and girls adds three times more to the global economy each year than the technology industry, Oxfam said.

The top 15 Indian billionaires are worth $197.8 billion combined

Amitabh Behar, CEO of Oxfam India, to highlight the level of inequality in the global economy, Behar cited the case of a woman called Buchu Devi in India who spends 16 to 17 hours a day doing work like fetching water after trekking 3km, cooking, preparing her children for school and working in a poorly paid job.
“And on the one hand you see the billionaires who are all assembling at Davos with their personal planes, personal jets, super rich lifestyles,” he said. 

https://www.reuters.com/article/us-davos-meeting-inequality-idUSKBN1ZJ00B

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