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Coronavirus deepens the crisis of “inequality” between the poor and the rich

A report published by the American website Axios says that it is the first time in recorded history that levels of inequality rise in almost all countries at the same time, against the background of the repercussions of the Corona pandemic.

In their report, writers Felix Salmon and Steve Kate noted that the results of the Oxfam report are very important, because they indicate the signs of exacerbation of the crisis of the poor who were already suffering from the repercussions of global climate change.

According to the report, the World Bank also stated that the Corona pandemic may result in a decline in the results of global poverty reduction efforts to about a full decade, as the virus revealed that the current work, health and education systems are creating additional burdens for low-income families and minorities, while allowing the rich to leave. From the crisis quickly.

According to an Oxfam poll – the report says – almost 300 economists from all over the world agreed that they expect the virus to exacerbate inequalities in their countries in terms of gender (56%), race (66%), wealth (78%) and income (87%). %).

The wealth of the rich rise

In the wake of the pandemic, the number of people earning less than $ 1.90 a day grew by more than 400 million in the past year. More than 3 billion people were deprived of health care, and 3-quarters of workers did not get paid sick leave.

In contrast, the wealth of the world’s richest who make up 1% of societies continued to rise, as the largest banks on Wall Street reported record profits, while more than 4 out of 5 small companies were hit hard by the epidemic.

The authors state that minority communities have suffered from manifestations of inequality in health care and other problems rooted in the United States.

The authors add that the closure of schools due to Corona affected about 1.7 billion children globally, but children in rich countries were able to continue their education online, and were denied school for much shorter periods – an average of 6 weeks – compared to 4 months for children in the poorest countries.

Millions of girls dropped out of school in 2020 and never returned to school.

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