Photo: Gürcan Öztürk/Deep Poverty Network
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According to a new Oxfam report, the wealthiest one percent owns 41 percent of the country's total wealth, making it the third most unequal country among 161 countries.
According to the 2022 Index of Commitments to Reducing Inequality (CRI Index) by Oxfam and Development Finance International (DFI), economic inequalities have exploded in both developed and developing countries during the pandemic since 2020. The vast majority of countries reduced their expenditure on health, education, and social protection, despite the worst health crisis of the last century.
The 2022 Commitment to Reducing Inequality (CRI) Index covers the spending, tax and labor policies and actions of 161 governments during 2020–2022, the first two years of the pandemic. During this period, poverty rose to a record high, and workers struggled with unprecedented price increases. Regardless, two-thirds of the countries in the index did not increase their minimum wages, even at the rate of economic growth recorded during the pandemic. Moreover, 143 of 161 countries kept the tax rates for the wealthiest on the same level, while 11 countries lowered them.
As for Türkiye, the report indicated:
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