-Newsclick.in By 2016 the richest 1% of the world's population will own more than 50% of the world's wealth, says Oxfam's recent report on global wealth Inequality. Winnie Byanyima, Executive Director of Oxfam International, said: "Do we really want to live in a world where the one percent own more than the rest of us combined? Clearly, the scale of global Inequality is quite simply staggering and the gap between the richest...
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Private sector, ‘care economy’ will be key engines of job creation for next 5 years –UN report
-The United Nations Private sector services, such as business and administrative services, and real estate, as well as related industries, will employ more than a third of the global workforce over the next five years, according to new data released by the United Nations labour agency. "Service sector employment will remain the most dynamic with respect to job creation in the next five years," said Raymond Torres, a head researcher of...
More »UN study predicts rising global unemployment due to slower growth, Inequality, turbulence
-The United Nations An extra 10 million people worldwide are likely to be unemployed by 2019, a new United Nations report has said today, pointing to slower growth, widening inequalities and economic turbulence as reasons behind the trend. According to the World Employment and Social Outlook - Trends 2015 (WESO) report, released today by the International Labour Organisation (ILO), the next four years will see the total number of people out of...
More »Govt data on Inequality misleading
-The Times of India NEW DELHI: Inequality in South Asia is much more glaring than what government data shows because standard yardsticks of measuring income don't reveal the true picture, says a World Bank report 'Addressing Inequality in South Asia', released on Tuesday. For instance, the Gini coefficient - the standard measure to gauge income Inequality - ranges from 0.28 to 0.40 in this region, suggesting a level of Inequality much lower...
More »Global unemployment to rise to 212 million, says ILO -Katie Allen
-The Guardian International Labour Organization warns of mounting social unrest amid income Inequality and high youth unemployment The global jobs market will continue to deteriorate in the coming years,, while rising income Inequality and high youth unemployment will stoke more social unrest, a new report warns today. The International Labour Organization (ILO) says a slowdown in economic growth means more jobs will be lost this year with young people again bearing the brunt...
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