As global political and business leaders gather for this week's World Economic Forum annual meeting in Davos, Switzerland, the charity's report highlights a global system that rewards the super-rich and neglects the poor. In particular, Byanyima criticised US President Donald Trump, who is attending the World Economic Forum, for creating "a cabinet of billionaires" and implementing tax legislation that she said rewarded the super-rich, not ordinary Americans. Oxfam said that women workers were worst hit by global inequality as they consistently earn less than men and usually have lower paid and more insecure forms of work. The World Economic Forum has previously estimated that it would take 217 years before women earn as much as men and have equal representation in the workplace. "The economic model is not working at all," Oxfam report co-author, Iñigo Macías Aymar, told the Thomson Reuters Foundation.

Source: bd News24 January 22, 2018 00:00 UTC