Davos The difference between poor and rich in the world is still dramatically high, according to the aid organization Oxfam. The concentration of wealth also continued to increase at the top last year, the organization emphasized when it presented its inequality report shortly before the start of the annual conference of the World Economic Forum (WEF) in Davos.
Oxfam relies, among other things, on the financial news agency Bloomberg, which claims that the wealth of the world’s 500 richest people rose a quarter in the previous year. According to Oxfam, prosperity is especially uneven between women and men. According to this, men have 50 percent more assets than women.
Oxfam calls on the federal government to invest more in public childcare and social security in poor countries and to strengthen women’s rights and organizations worldwide. In Germany and around the world, corporations and people with very large wealth would also have to contribute a fair share to the common good: “The Federal Government must advocate a worldwide minimum tax and support developing countries in taxing corporations more”, is another demand by the organization ,
“Women and girls do the lion’s share of unpaid housekeeping, care and caring.”
One reason for the inequality between the sexes is this year’s study “Time to Care” according to the work done by women at home – such as childcare, caring for relatives or caring for the household. “Women and girls do the lion’s share of unpaid housekeeping, care, and care work – well over 12 billion hours a day worldwide.” This would be equivalent to more than $ 11 trillion a year if paid with the minimum wage. For women, this unpaid work is often a poverty trap.
The impact of so-called care work on income, wealth, educational opportunities and the risk of poverty receives too little attention in connection with inequality, said Ellen Ehmke, analyst for social inequality at Oxfam Germany. “We should recognize the value of this.”
“The direct link between wealth inequality and care is that women can build much less wealth over their lives because they do a lot of their work in unpaid care,” said Ehmke. In rural areas of poorer countries, women spend up to 14 hours a day caring for them, Oxfam reports. “Girls also have to help a lot.” The climate crisis aggravated the situation – among other things because, for example, paths to water points are getting longer or the cultivation of vegetables is becoming more difficult.
Also in richer countries like Germany, the care work, which is primarily done by women, sharpens the inequalities in prosperity. As long as there are not enough public offers for childcare, for example, families with high income could go back to work much earlier than in families with lower income. This further deepens the inequality between households.
More: On average, women only receive half as much pension as men. They also slide more often into poverty in old age. Tips for a solid pension.