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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.  

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