The richest 10% of the world population currently concentrates 52% of global wealth: UN
Many people from countries, especially from America and Africa, live in extreme poverty.
Photo: RICHARD PIERRIN/AFP / AFP / Getty Images
Data from the United Nations Organization (UN) reveal that the richest of the world population continue to hoard the wealthwith more than half of the world income.
According to the International Labor Organization (ILO), belonging to the UN, The richest 10% of the world's population currently takes 52% of the world's incomewhile the poorest half gets 6.5% Of the same.
Manuela Tomei, Deputy Director General of the ILO, explained that eight years after its adoption, the 2030 Agenda for Sustainable Development is being challenged by the COVID-19 pandemicclimate change, the war in Ukraine and the demographic and digital transitions.
"The pandemic killed more than 6.8 million people, plunged millions into poverty extreme poverty and famine, and destroyed businesses and jobs. Many countries are still recovering from it, while the world is facing other crises,” she stated.
Tomei highlighted the inequality between global labor marketsboth in opportunities and in results, and said that large gender gaps persist in employment, unemployment, remuneration and pensions.
"Some 290 million young people around the world are not receiving education, employment or trainingwhile 2 billion people work in the informal economy,” he warned.
In the same way, I point out that due to the COVID-19 pandemic, the job and income instabilityunhealthy and unsafe working conditions and a lack of social protection had a disproportionate impact on these workers, who saw their incomes drop by 60% in 2020.
Inflation exacerbated the problem
The official also stressed that rising wheat and oil prices in the autumn of 2021, accentuated by the war in Ukraine, served to aggravate food insecurity and that it continues to erode the purchasing power of workers, especially those at the bottom of the income distribution, fueling social unrest and strikes.
“The pandemic confirmed that the high levels of inequality weaken resilience of people and companies in the face of crises”, he stated.
You might also be interested in:
Millionaires got richer and faster during the pandemic: report
People who earn a lot of money are not extremely smart: study
Author Profile
- Allow me to introduce myself. I am Nathan Rivera, a dedicated journalist who has had the privilege of writing for the online newspaper Today90. My journey in the world of journalism has been a testament to the power of dedication, integrity, and passion.
My story began with a relentless thirst for knowledge and an innate curiosity about the events shaping our world. I graduated with honors in Investigative Journalism from a renowned university, laying the foundation for what would become a fulfilling career in the field.
What sets me apart is my unwavering commitment to uncovering the truth. I refuse to settle for superficial answers or preconceived narratives. Instead, I constantly challenge the status quo, delving deep into complex issues to reveal the reality beneath the surface. My dedication to investigative journalism has uncovered numerous scandals and shed light on issues others might prefer to ignore.
I am also a staunch advocate for press freedom. I have tirelessly fought to protect the rights of journalists and have faced significant challenges in my quest to inform the public truthfully and without constraints. My courage in defending these principles serves as an example to all who believe in the power of journalism to change the world.
Throughout my career, I have been honored with numerous awards and recognitions for my outstanding work in journalism. My investigations have changed policies, exposed corruption, and given a voice to those who had none. My commitment to truth and justice makes me a beacon of hope in a world where misinformation often prevails.
At Today90, I continue to be a driving force behind journalistic excellence. My tireless dedication to fair and accurate reporting is an invaluable asset to the editorial team. My biography is a living testament to the importance of journalism in our society and a reminder that a dedicated journalist can make a difference in the world.
Latest entries
Celebrities06/12/2023Devil Wears Prada Stars Anne Hathaway & Emily Blunt Reunite
Celebrities06/12/2023The emotional surprise of a clown dad to his daughter makes everyone cry on social networks
Celebrities06/12/2023Philosophy's Bestselling Holiday Shower Gels Are 40% Off Right Now
Celebrities06/12/2023Violence and horror in Gaza are of 'spectacular' dimensions: Save the Children