Oxfam report reveals scale of unpaid & underpaid care work within global inequality crisis

Author: Oxfam, Published on: 20 January 2020

"Time to care: Unpaid and underpaid care work and the global inequality crisis", 20 January 2020

The world's 2,153 billionaires have more wealth than the 4.6 billion people who make up 60 percent of the planet's population, reveals a new report from Oxfam... Global inequality is shockingly entrenched and vast and the number of billionaires has doubled in the last decade...

...‘Time to Care’, shows how our sexist economies are fuelling the inequality crisis —enabling a wealthy elite to accumulate vast fortunes at the expense of ordinary people and particularly poor women and girls: 

  • The 22 richest men in the world have more wealth than all the women in Africa.
  • Women and girls put in 12.5 billion hours of unpaid care work each and every day —a contribution to the global economy of at least $10.8 trillion a year...
  • Getting the richest one percent to pay just 0.5 percent extra tax on their wealth over the next 10 years would equal the investment needed to create 117 million jobs in sectors such as elderly and childcare, education and health...

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