EU Sources -OXFAM report on inequality -January 19, 2015

Anti-poverty NGO Oxfam formulated a demand for urgent action to narrow the gap between rich and poor. The Oxfam briefing report (based on the earlier report Even it Up: Time to end extreme inequality, October 2014) shows that the share of the world’s wealth owned by the best-off 1% has increased from 44% in 2009 to 48% in 2014, while the least well-off 80% currently own just 5.5%.

Ahead of the annual Davos meeting of the World Economic Forum, the anti-poverty NGO Oxfam formulated a demand for urgent action to narrow the gap between rich and poor. The Oxfam briefing report (based on the earlier report Even it Up: Time to end extreme inequality, October 2014) shows that the share of the world’s wealth owned by the best-off 1% has increased from 44% in 2009 to 48% in 2014, while the least well-off 80% currently own just 5.5%. The wealth of the richest 80 doubled in cash terms between 2009 and 2014, and there is an increasing tendency for wealth to be inherited and to be used as a lobbying tool by the rich to further their own interests. The organisation’s seven point plan includes the introduction of minimum wages and a move towards a living wage for all workers, including a minimum-income guarantee for the poorest. Free collective bargaining gives workers a better chance of earning a fair wage. 

English: http://policy-practice.oxfam.org.uk/publications/wealth-having-it-all ...    

Focus on the original Oxfam report: http://policy-practice.oxfam.org.uk/publications/even-it ...   


For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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