A CEO from one of the world's top five global fashion brands has to work for just four days to earn what a garment worker in Bangladesh will earn in an entire lifetime, campaigning group Oxfam International said Monday. In the run-up to the World Economic Forum in the Swiss ski resort of Davos, Oxfam has sought to put inequality at the heart of this week's deliberations of the rich and powerful. "The billionaire boom is not a sign of a thriving economy but a symptom of a failing economic system," said Winnie Byanyima, Oxfam International's executive director. Governments, he said, need to "get back into the driving seat" and challenge the big corporations and the billionaires. Oxfam's findings are based on the annual Global Wealth Databook of Swiss bank Credit Suisse, and Forbes' billionaire ranking seriesCopyright 2018 The Associated Press.

Source: Los Angeles Times January 22, 2018 00:00 UTC