Poverty in a rich world

We are living in a wealthier world. The number of people living in extreme poverty has halved in recent decades.

A recent report by Oxfam and Credit Suisse revealed how divided we all are when it comes to wealth.

inequality = when some people have a lot of money and opportunities and others don't

minimum wage = the least a worker receives in payment for their labour

philanthropic describes people who help the poor by giving money

How come you’re not at work today?

there's still a lot of inequality in different countries. Inequality - in other words some people have a lot of money and opportunities and others just don't.

As we said, experts have concluded that more people are living better when you look at the world as a whole, but in individual countries you can find people with hardly anything to eat

and others with lots of houses, cars, land and so on... So, Rob, how can this situation be reversed?

And they've been taking just some really sensible measures – measures around having more progressive tax, around investing in a higher minimum wage

And they've been taking just some really sensible measures – measures around having more progressive tax, around investing in a higher minimum wage

these things that all governments can do that start to reverse this tide.

See, the tide is going down over the sand.

Most of the time I believe we will turn the tide.

He meant that if people are paid a higher minimum wage, they can eat better, seek a better education, and their children can have a better job in the future.

people who are unemployed and actively seeking work. He was desperately seeking a way to see her again.

An example of sought is a family looking for their lost dog.

They can be lifted out of poverty.

They can be lifted out of poverty.

Well, their obligation of course is to pay their taxes, but our advice to them is that they all look at taking their wealth and being philanthropic

but our advice to them is that they all look at taking their wealth and being philanthropic - both in their own country and to help the global poorest.

So rich people have to be 'philanthropic'! It means they have to help poor people by giving their money.

and others with lots of houses, cars, land and so on... So, Rob, how can this situation be reversed?