Source: Billionaires thrive as poverty rises significantly due to COVID lockdown policies | News | LifeSite
By Patrick Delaney
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February 3, 2021 (LifeSiteNews) — Two reports released last week document the dramatically growing disparity between the world’s wealthiest people and the rising number of families living in poverty due to governments’ COVID-19 policies.
A report from the United Nations International Labour Organization (ILO) found that “8.8 per cent of global working hours were lost relative to the fourth quarter of 2019, equivalent to 255 million full-time jobs.” This equates to a job loss “approximately four times greater than during the global financial crisis in 2009.”
In addition, the global labor income lost in 2020 is “estimated to have declined by 8.3 per cent, which amounts to US $3.7 trillion,” including the highest percentage experienced by workers in the Americas at 10.3%, and the lowest in Asia and the Pacific at 6.6%.
Oxfam International also released a report, titled “The Inequality Virus,” which summarizes that “hundreds of millions of people are being forced into…