Experts Urge Global Inequality Panel

Hundreds of economists, including former U.S. Treasury Secretary Janet Yellen, urge world leaders to establish an independent international panel on income and wealth inequality. The panel, proposed in an open letter ahead of the G20 summit in South Africa, aims to address the inequality emergency highlighted in a new report. The report reveals that the wealthiest one percent accumulated forty-one percent of new wealth between 2000 and 2024, while one in four people worldwide now experiences moderate or severe food insecurity. The panel, inspired by the Intergovernmental Panel on Climate Change, would advise governments on tackling inequality, which experts warn leads to undemocratic power imbalances and erodes societal trust. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.