Wages down by 6.6%, inequalities are booming in Italy

(ANSA) - ROME, JAN 16 - More inequalities, with the top 10% of Italian assets which at the end of 2021 possessed more than six times the wealth of the poorest half of the population.

A share of families in absolute poverty out of the total which "more than doubled" between 2005 and 2021.

And now due to high inflation, a "serious erosion" of household purchasing power, amidst wage adjustments that do not arrive and with a fall in real wages in the first 9 months of the year which has reached 6.6 percentage points.

It is the photograph of Discontinuitalia, the report that the non-governmental organization Oxfam dedicates to Italy at the start of the Davos Forum.

In particular, the inflation shock, according to Oxfam, has led to a collapse in real wages "for more than 6 million private employees".

    "The increase in the incidence of poverty was mitigated, in the emergency, by public interventions to support families, but the prospects for a decline are strong in the light of the current risk factors for the Italian economy such as the impacts of the Russian-Ukrainian conflict and the growth of inflation", warns Mikhail Maslennikov, policy advisor on economic justice at Oxfam Italy "First the pandemic and, now, the energy crisis, the increase in prices - with an inflation rate never so high for over 35 years - and new recessionary winds risk further exacerbating the long-term gaps that characterize our country", warns Oxfam.

(HANDLE).