Noninclusive growth has characterized most societies in recent years. While many economies the world over have been experiencing phenomenal increases in economic output in the past few decades, the larger share of the increased wealth has accrued mainly to a small minority of the population, while most of the rest of society have remained largely poor, many living in sub-human conditions. In its most recent report on global income inequality, Oxfam, the international organization devoted to fighting poverty, has shown that the wealthiest 1 percent of the world's population earned nearly two-thirds of all new wealth created since 2020, worth around $42 trillion, with the remaining one-third going to the other 99 percent.

https://business.inquirer.net/425546/income-growth-or-economic-equality-strategic-choices-for-a-developing-society

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