'The incomes of 99% of humanity are worse off because of COVID-19,' the Oxfam report found.
Economic, gender, and racial inequalities have worsened as over 160 million more people were forced into poverty in the past two years, Oxfam said.Billionaires' wealth has risen more in the period since the pandemic began than it has in the past 14 years, according to the report, which compiled data from Forbes.
Nine of the 10 richest men are Americans, including Tesla founder Elon Musk and Amazon founder Jeff Bezos. Oxfam notes that while the richest men's wealth has increased at a rate of $15,000 per second, inequality has contributed to the death of at least 21,000 people each day — or one person every four seconds.that found the gap between rich and poor countries had widened during the pandemic.
Oxfam's report warns that inequality between countries is expected to rise for the first time in a generation, with
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