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Davos: How The Rich Have Only Got Richer Since 2000 - World Politics - News - The Independent
Davos: How The Rich Have Only Got Richer Since 2000 - World Politics - News - The Independent
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The share of income going to the top one per cent is higher than ever Getty Images
Less than one per cent of the wealth created since 2000 has gone
to the poorest 50 per cent of the world's population, new
research has revealed.
1 of 17 21/01/2016, 10:16
Davos: How the rich have only got richer since 2000 | World Politi... http://www.independent.co.uk/news/world/politics/rich-have-only...
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most powerful heads of state gather in Davos for the start of
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the annual four-day summit.
Bottom
50% (0.8)
Top 50%
99.2
The poorest 3.5 billion people across the globe earn less than
830 ($1,200) a year thats 2.30 a day. The same group own
less than one per cent of all the worlds wealth.
They own so little that the worlds 62 richest people own as much
as all of them combined, Oxfam revealed earlier this week.
' (
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Davos: How the rich have only got richer since 2000 | World Politi... http://www.independent.co.uk/news/world/politics/rich-have-only...
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& 19
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3 of 17 21/01/2016, 10:16
Davos: How the rich have only got richer since 2000 | World Politi... http://www.independent.co.uk/news/world/politics/rich-have-only...
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The bottom 50 per centthe blue slither in the red pieown less than 1 per cent of all global
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wealth.
Bottom
50% (0.7)
Top 1%
50.0
51-90%
11.8
91-99%
37.7
While income and wealth are not the same thing, the wealthiest
one per cent typically earn at least 35,000.
These are the people who have proted over the past 15 years.
For every $1 of wealth created, they have earned 51, while the
poorest 3.5 billion have earned less than 1.
4 of 17 21/01/2016, 10:16
Davos: How the rich have only got richer since 2000 | World Politi... http://www.independent.co.uk/news/world/politics/rich-have-only...
Bottom
50% (0.8)
Top 1%
51.1
51-90%
13.2
91-99%
35.9
The two pies are almost identical. The top one per cent continue
to account for the majority of the new wealth.
As a result, the share of income going to the top one per cent is
higher than ever, while the share going to the poorest 50 per cent
remains almost non-existent.
Since the end of the global nancial crisis in 2009, the share
going to the top 1 per cent has risen from 44 per cent to 50 per
cent.
5 of 17 21/01/2016, 10:16
Davos: How the rich have only got richer since 2000 | World Politi... http://www.independent.co.uk/news/world/politics/rich-have-only...
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Under Obama the proportion of wealth going to the top 1% has risen from 44% to 50%.
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Top 1% Bottom
50%
100.0
80.0
60.0
40.0
20.0
0.0
2000 02 04 06 08 10 12 2014
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Davos: How the rich have only got richer since 2000 | World Politi... http://www.independent.co.uk/news/world/politics/rich-have-only...
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0:00 / 1:49
7 of 17 21/01/2016, 10:16
Davos: How the rich have only got richer since 2000 | World Politi... http://www.independent.co.uk/news/world/politics/rich-have-only...
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quickly as typical wages since 1978
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Companies are six times as valuable as they were in 1978, but the wages of the typical worker
have barely risen in that time.
CEO pay
14.0
Stock market
value
Typical worker pay
10.0
5.0
0.9
1980 85 90 95 00 05 2010
Its the same story in the UK. Last year FTSE, chief
executives earned more than 180 times as much as the average
worker.
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Davos: How the rich have only got richer since 2000 | World Politi... http://www.independent.co.uk/news/world/politics/rich-have-only...
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And yet FTSE 100 companies are not any more valuable
collectively than they were in 2000.
For most of the past 15 years, they have been less valuable.
And so far in 2016, the FTSE 100 has lost nearly a 10th of its
value, while its chief executives have been paid almost
250,000.
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COMMENTS
10 of 17 21/01/2016, 10:16
Davos: How the rich have only got richer since 2000 | World Politi... http://www.independent.co.uk/news/world/politics/rich-have-only...
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hellyoulookingat 14 hours ago
Must be the Muslims fault
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11 of 17 21/01/2016, 10:16
Davos: How the rich have only got richer since 2000 | World Politi... http://www.independent.co.uk/news/world/politics/rich-have-only...
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forced to pay huge sums in retribution to the
people, the world over, defrauded by them.
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Well done.
12 of 17 21/01/2016, 10:16
Davos: How the rich have only got richer since 2000 | World Politi... http://www.independent.co.uk/news/world/politics/rich-have-only...
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Rich business shares
people.......get
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Once a government has the reigns and control ... Then you
choose which government you want...
13 of 17 21/01/2016, 10:16
Davos: How the rich have only got richer since 2000 | World Politi... http://www.independent.co.uk/news/world/politics/rich-have-only...
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