GOAL 10 – REDUCED INEQUALITIES
Goal 10 aims to ensure equal opportunities for migrants, refugees, people with disabilities, women, families below the poverty line and many other minorities.
According to the Oxfam 2020 “Time to Care” report, the richest 1% held more than double the net wealth owned by 6.9 billion people. This gap is the result of an unfair economic system that values the wealth of a privileged few – especially men – more than the billions of hours of the most essential work, that often goes unpaid or underpaid.
According to new data from the World Bank, nearly half of the global population survives on $5.50 a day or less. For many people, an unexpected hospital service or a failed harvest is enough to send them into despair. Inequality is one of the main reasons behind this phenomenon: a huge share of the global income surplus flows to those at the top of the pyramid, leaving those at the bottom further and further behind.
In Italy, the situation reported by Oxfam fairly reflects the global inequality trends. The richest 20% of Italians own almost 70% of the national wealth. Furthermore, in Italy, on average, young people who have entered the labor force in the last ten years earn a lower income when compared to the salary levels of their parents at the time of their entry into the labor force. This outcome can likely be tied to the slow and not-inclusive economic growth that has characterized our country over the last decade. Reversing this trend would require more social inclusion and the elimination of discriminatory practices and laws.
For the successful reduction of inequalities, each and every small daily action is crucial!