0448 GMT November 13, 2019
The World Inequality Report 2018 released Friday is based on a massive collection of data compiled by an international team of researchers that includes renowned economists Thomas Piketty and Emmanuel Saez, according to AP.
It shows inequality has soared since 1980 although the global top ‘one percent’ saw their share of global income slip slightly after the financial crisis, to just above 20 percent. It said inequality will likely widen in the future.
The data indicate the share of global income going to the bottom 50 percent has risen slightly in recent years, to 9.7 percent, thanks to gains in populous China and India.