EU sources - Oxfam Davos report: wealth of poorest falls - January 31, 2016

The Oxfam report An Economy for the 1%, shows that the global inequality crisis is reaching new extremes. The gap between the richest and the rest has widened dramatically in the past 12 months. The richest 1% now has more wealth than the rest of the world combined. Power and privilege are being used to skew the economic system to increase the gap between the richest and the rest. In the EU, nearly 9% of people in employment are at risk of poverty, and this rate has increased over the past decade. The report provides inside information on the development in several sectors, for instance the extractive industries, the financial sector and the garment industries. It shows also how women are disproportionately affected by inequality. Several observers have criticized the methodology used by Oxfam. However, according to an interesting blog, the main message stays upright.  

English: https://www.oxfam.org/sites …   

http://glineq.blogspot.co.uk/2015/01/repeat-after-me-weath-is-not-income …  

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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