An award-winning missionary magazine

WORLD: Global Wealth Founded On Inequality

A report by Oxfam—the international charity which focuses on poverty alleviation—shows that just over 2,000 individual billionaires control more money than 60 percent of the world’s poor population combined, and that it is the underpaid or even unpaid work done by the world’s poorest women that generates enormous wealth for the global economy.

The report with the title Time to Care highlights the fact that underpaid and unpaid work by women and girls adds three times more to the global economy each year than the whole technology industry together. 

“It is this unseen and unrewarded contribution by women that creates enormous wealth that is sucked upward into the bank accounts of the richest people and of the billionaires,” Max Lawson, Oxfam International’s Head of Inequality Policy, says.  

Read These Next

FAMILY: Pope To Attend World Meeting Of Families

Pope Francis will attend the World Meeting of Families in Dublin, Ireland, on August 25 and 26. The W.M.F. will be centered on the apostolic exhortation Amoris Laetitia, reports Gerard O’Connel for…

BEATIFICATION: Teenager Carlo Acutis To Be Beatified

Carlo Acutis, a 15-year-old Italian teenager who used his computer programming skills to spread devotion to the Eucharist, will be beatified in October, the Diocese of Assisi announced. Cardinal…

GLOBAL: Water shortages : 'severe hit' to economies

Water shortages will deliver a “severe hit” to the economies of the Middle East, Central Asia, and Africa by the middle of the century, taking double digits off their GDP, the World Bank recently…

Share Your Thoughts

Loading Conversation

Sign up for the newsletter

Getting your own copy of "Friends of the Mission" is free. Sign up with your complete address to get one delivered right to your doorstep.

Kindly double check that the information you entered is correct and accurate. Thank you!