Report: As food prices rise, and poverty grows, a new billionaire has been minted nearly every day during the pandemic
“Much of the jump in wealth came in the first year of the pandemic. It then plateaued and has since dropped a bit, said Max Lawson, head of inequality policy at Oxfam.
At the same time, Covid-19, growing inequality and rising food prices could push as many as 263 million people into extreme poverty this year, reversing decades of progress, Oxfam said in a report released last month.
‘I’ve never seen such a dramatic growth in poverty and growth in wealth at the same moment in history,’ Lawson said. ‘It’s going to hurt a lot of people.'”