Oxfam: The megarich have already recovered from the pandemic. It may take the poor a decade to do so
But the number of people living in poverty globally could have increased by up to 500 million last year, according to a UN University World Institute for Development Economics Research paper that Oxfam cited.
To fight this growing inequality, governments should ensure that everyone has access to a Covid-19 vaccine and financial support if they lose their jobs, Bucher said. Also, this is the time for longer-term investments in public services and low-carbon sectors to create millions of jobs and ensure everyone has access to education, health care and social care, she said.
“These measures must not be Band-Aid solutions for desperate times, but a ‘new normal’ in economies that work for the benefit of all people, not just the privileged few,” Bucher said.