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How to Tackle Global Wealth Inequality?
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[QUOTE="Holicent, post: 255338, member: 76163"] The global wealth distribution has become increasingly unequal. The richest 1 percent now own more than the rest of humanity combined. The richest 10 percent own almost half of global wealth, and the bottom half owns just 2 percent. The concentration of wealth in the hands of a few is not new — it has been happening for centuries — but its scope is unprecedented. It means that we face an urgent question: How do we tackle global wealth inequality? There are three steps to addressing this problem: First, we need to understand why inequality is growing so rapidly. Globalization has allowed people with low skills or modest education levels to move to richer countries where they can earn a decent living. But this has also led to a decline in wages for those who remain in their own country, making inequality worse. Second, we need to change how we think about wealth creation and economic growth so that it benefits everyone rather than just those at the top. We need to ensure that anyone who wants to work can find employment and earn enough income to live on — regardless of their circumstances before arriving in another country or whether they have studied or trained for work in another country; or whether they come from an underdeveloped country or an advanced industrial economy. [/QUOTE]
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