Inequality on the rise globally

A study conducted by French economist Thomas Piketty, has revealed that even though countries all over the world have been developing at similar rates since 1980, the gap between the rich and the poor has increased very significantly. The study’s results were derived from the work of 100 researchers and with data from over 70 countries.

The study showed that within this time frame the 7 million richest people in the world made the same amount of money as 3.8 billion people or half the world’s population. The world economic forum reported that the increase in this disparity has been a key factor in the heightened levels of disunity we have witnessed in the last few years and has had big impacts on events like the election of Donald Trump and the UK brexit. The research shows that this trend is continuing largely due to national policies and that by 2050 "The global top 1 percent income share could increase from nearly 20 percent today to more than 24 percent" the report also said, " the global bottom 50 percent share could fall from 10 percent to less than 9 percent."

https://www.cnbc.com/2017/12/14/thomas-piketty-worldwide-inequality-report-shows-gap-between-rich-and-poor.html