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Jan 22, 2018

Inequality gap widens as ‘world’s richest 1% get 82% of the wealth,’ Oxfam says

Posted by in categories: business, economics, policy

Oxfam said its figures, which some observers have criticized, showed economic rewards were “increasingly concentrated” at the top. The charity cited tax evasion, the erosion of worker’s rights, cost-cutting and businesses’ influence on policy decisions as reasons for the widening inequality gap.


Just 42 people own the same amount of wealth as the poorest 50 percent worldwide, a new study by global charity Oxfam claimed.

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