World billionaires are richer than 60% of the global population, Oxfam charity

Women around the world work 12.5 billion hours combined each day without pay or recognition

"The 22 richest men in the world have more wealth than all women in Africa", it said.

"Our broken economies fill the pockets of billionaires and large companies at the expense of ordinary men and women".

Oxfam said the findings illustrate how "inequality continues to be at crisis levels with wealth valued over work and the contribution of women under-rewarded".

British charity Oxfam has released a report ahead of the World Economic Forum's meeting in Davos this week claiming that global economic inequality is "out of control".

The Oxfam's report titled "Time to Care" along with India focussed supplement shows how our sexist economies are fuelling the inequality crisis - enabling a wealthy elite to accumulate vast fortunes at the expense of ordinary people and particularly poor women and girls.

"Many people are just one hospital bill or failed harvest away from destitution", Oxfam said in its report.

The charity is calling on governments to implement policies that ease the burden on women who provide care for children and the elderly, often for little or no pay.

Although world inequality has declined over the previous three many years, home revenue inequality has risen in lots of nations, notably in superior economies and reached historic highs in some, the Global Risks Report flagged final week.

Oxfam's annual report on inequality was released ahead of the World Economic Forum in Davos, Switzerland, which each year brings together numerous world's wealthiest and most influential people.

Women and girls in particular are taxed because they are usually caregivers who "keep the wheels of our economies, businesses and societies moving", Behar said.

Behar said women and girls are among those who benefit the least from today's economic system. Getting the richest one per cent to pay simply 0.5 per cent further tax on their wealth over the following 10 years would equal the funding wanted to create 117 million jobs in sectors reminiscent of aged and childcare, training and well being.

"Women are supporting the market economy with cheap and free labour, and they are also supporting the state by providing care that should be provided by the public sector".

"Worldwide, 42 percent of women can not get a job because they are responsible for all care, compared to just six percent of men", Oxfam figures showed.

Oxfam accused governments of failing to collect revenues that could help lift the responsibility of care from women, tackling poverty and inequality and under-taxing the wealthiest individuals and corporations.

Besides, the governments are additionally underfunding very important public providers and infrastructure that would assist cut back girls and ladies' workload, the report mentioned.

Oxfam found that improved water sources in parts of Zimbabwe could save women up to four hours of work a day.

Behar said that to remedy the problem, governments should make sure above all that the rich pay their taxes, which should be used to pay for amenities such as clean water, health care and better schools. "That they are not to accept this inequality, they are not going to live with these kind of conditions", he said.



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