Combating proliferation of inequality: Today's biggest challenge 
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Wednesday
February 08, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
WEDNESDAY, FEBRUARY 08, 2023
Combating proliferation of inequality: Today's biggest challenge 

Thoughts

Nabila Matin Chowdhury
20 March, 2021, 10:35 am
Last modified: 20 March, 2021, 10:43 am

Related News

  • Malaysia to continue facilities for Bangladeshi students and extend those gradually
  • US proposes slashing salt, sugar in school meals
  • Bridging gap between academia, industry needed: Experts
  • Afghan female students not allowed to sit university entrance exam - Taliban ministry
  • The power of nonverbal behaviour in classroom education

Combating proliferation of inequality: Today's biggest challenge 

Covid-19 is predicted to make inequality in our society even worse. According to the World Bank, 501 million more people will have to survive on less than $5.50 a day in 2030 if governments permit inequality to rise by just 2% annually, and also the total number of people living in poverty would be more than what it had been before the virus.

Nabila Matin Chowdhury
20 March, 2021, 10:35 am
Last modified: 20 March, 2021, 10:43 am
Nabila Matin Chowdhury. Illustration: TBS
Nabila Matin Chowdhury. Illustration: TBS

Andrew Cuomo, governor of New York, tweeted proclaiming the coronavirus as a great equalizer when his brother tested Covid-19 positive. But the equality ends there. Coronavirus has hit such a society that was already deeply unequal. In country after country, it has magnified and worsened these inequalities, and at the same time, has threatened the global economy. 

To fill up just the basic needs seems quite a luxury for many around the world. The World Bank has also forecast that the pandemic will push close to 150 million more people into extreme poverty by 2022. 

Any pandemic is a major blow to the global economy. The picture of the last century's epidemic also shows us something like that. Before Covid-19 arrived, the last terrible hit on the global economy was during the Great Depression (2008-2009). 

During that period, recovery in employment and labour income was even slower and more painful. It took over a decade for global unemployment to come back to the pre-crisis level, while youth unemployment has never recovered fully from the crisis. Economy and employment became disconnected during that period. 

That is why, though labour productivity continued to grow, wages and labour income lagged behind. As a result, inequality to this day remains high or sometimes is even growing. However, Covid-19 is predicted to make inequality even worse. According to the World Bank, 501 million more people will have to survive on less than $5.50 a day in 2030 if governments permit inequality to rise by just two percent annually, and also the total number of people living in poverty would be more than what it had been before the virus.

Education-Gap Widening at an Alarming Rate

Providing qualitative education for all students to eliminate inequality in learning during Covid-19 is also a substantial challenge. In developed countries where children and youth are continuing their studies via online smoothly, we can find the opposite scenario in less developed and developing countries. Here poor children are suffering more than their better-off peers. 

For instance, in Nigeria, the richest 20% of households were much more likely to have children engaging in any learning activity after school closures than the rest of the population. 

According to a joint report from UNICEF and the International Telecommunication Union (ITU), 2.2 billion — or two-thirds of children and young people aged 25 years or below — do not have internet access at home. So, for the students who are facing issues with internet access, receiving qualitative education is like daydreaming. UNICEF Executive Director Henrietta Fore has addressed this issue as a 'Digital Canyon' since several children and young people have no internet at home which is more than a digital gap.

As these effects are not equally distributed across the population, social inequalities become more salient. If the online class continues for long, it will create nothing but a great education gap between advanced economies and middle and low-income nations in the coming future, which will influence the competitiveness of affected countries decades later. 

In my locality, I know a girl named Anwara; she used to read in class six. Last month, I saw her in my neighbor's house. She was mopping the floor. "Why are you here?" I asked. "My father used to sell velpuri opposite a school. But he faced a substantial loss in his business because of coronavirus, as his main earning was school-centered. Even though there were a couple of days he didn't earn a single penny. In this situation, carrying my educational expenses is just like slaying the slain. As a result, I was compelled to leave my study and work here," she replied. 

I felt pity for her. There are many like her around us. So, it can be concluded that the direct effects of school closures can be compounded by parents keeping their children out of school to cope with the impacts of a severe income shock. This will also increase school dropout tendency among the students.

Low skilled and Blue-collar workers are hit harder 

According to the ILO director, coronavirus is not any longer solely a global health crisis, it is also a major labour market and economic crisis that is having a terrible impact on people. 

Marufa lives in a slum with her family in Sunamganj. In May she left out for Dhaka with her mother to support her family financially. She wanted to work at a garments factory somehow since at that time BGMEA decided to reopen the garments industry. But unfortunately, she didn't get the job, rather they had to come back with a huge debt burden. 

Infographics: TBS
Infographics: TBS

As the economic contraction is hitting distinct groups of workers unevenly, low skilled and blue-collar workers are hit harder than educated workers. Retail and hospitality sectors have also suffered huge losses, whereas the least educated workers have the highest proportional job losses. In contrast, billionaires globally saw their wealth increase by $3.9 trillion between 18 March and 31 December 2020, according to Oxfam's report. Hence, working people will be left to shoulder the immense burden of the Covid-19 recovery until there is no radical change in direction. 

Rising Inequality Between Countries 

Apart from everything else, the unequal distribution of Covid-19 vaccines and the challenge of vaccine hoarding have continued to grow, which is putting Africa at risk since wealthier countries are making bilateral deals and driving up the prices. 

On the other hand, rising inequality isn't just confined within one or two countries, rather it has expanded in many. The Covid-19 crisis has put much of the progress of emerging markets and developing economies at risk, widening the gap between the poor and the rich.  It will be very difficult for many to turn around again. Rebounding the economy would be the most challenging task for them.

Inequality Spilling Out in Developed Countries among Ethnic Minorities:

Shamim Rahman shifted to the UK from Bangladesh in 2019. After a couple of months, he bought a car on loan. He was earning a good amount of money by driving. But his happiness didn't last long. Due to coronavirus, the country went under lockdown & thus his life became miserable. He was neither able to earn money nor to repay loans. Now, he is just waiting for the end of lockdown. 

In developed countries, ethnic minority groups are disproportionately affected by Covid-19. Researchers from some reputed universities blamed structural racism as a root cause behind health inequalities among ethnic minorities during the pandemic. 

According to the TUC's (Trades Union Congress) analysis of official data, the people of Bangladeshi origin were more likely to die compared to the people of white British ancestry in Covid-19. It also reports that the number of minority workers in the accommodation and food sector has dropped by 23 percent. Between July-September 2020, 8.5% of black, Asian, and other minority workers were unemployed, whereas the rate of unemployment among white workers was only 4.5%. 

Vaccination should be started at a large scale as early as possible, otherwise, the lockdown situation will not end and inequality will continue to rise. Commitment to Reducing Inequality (CRI) Index 2020 reports that governments and international organisations should work together to radically and rapidly improve data on inequality and related policies as well as to accurately and frequently monitor progress in reducing inequality. It also reported that governments and international institutions should analyze the distributional impact of any proposed policies and base their choice of policy direction taking into account the impact of those policies on reducing inequality. 

We dream of a healthy world along with a sound economy again, but this rising inequality worldwide is a great hindrance to our dream. To heal the wounds of the global economy, there is no alternative to mitigate this uprising inequality.


Nabila Matin Chowdhury is an undergraduate student of Economics at Shahjalal University of Science & Technology, Sylhet. She is also a Senior Executive of Econ Insider, which is an educational research center. She can be reached at- [email protected]


Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the opinions and views of The Business Standard.

Top News

Education / Thoughts

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • RMG turns to India from China to get cheaper man-made yarn
    RMG turns to India from China to get cheaper man-made yarn
  • Country's revenue earnings were Tk40,000cr more in last fiscal: Finance Minister
    Country's revenue earnings were Tk40,000cr more in last fiscal: Finance Minister
  • The world's richest person is trying to head off a succession battle
    The world's richest person is trying to head off a succession battle

MOST VIEWED

  • Kamrul Faisal, doctoral researcher at University of Helsinki. Illustration: TBS
    Bangladesh's cognitive dissonance in its data privacy commitment
  • Sketch: TBS
    How should you talk to ChatGPT? A user's guide
  • Photo: Collected
    Pakistan’s apology might help improve its relationship with Bangladesh
  • Sketch: TBS
    Time for the developed world to rein in the debt crisis
  • Illustration: TBS
    The supply chain crisis opens door to resilience
  • Illustration: TBS
    Preparing for the future of AI in the job market: How Bangladesh can thrive in a tech-driven world

Related News

  • Malaysia to continue facilities for Bangladeshi students and extend those gradually
  • US proposes slashing salt, sugar in school meals
  • Bridging gap between academia, industry needed: Experts
  • Afghan female students not allowed to sit university entrance exam - Taliban ministry
  • The power of nonverbal behaviour in classroom education

Features

Photo: Reuters

A tragedy that will also shake up the region's geopolitics

5h | Panorama
Nimah designed by Compass Architects- Wooden tiles. Photo: Junaid Hasan Pranto

Trendy flooring designs to upgrade any space

16h | Habitat
Benefits of having high ceilings in your new home

Benefits of having high ceilings in your new home

16h | Habitat
Each Reverse Osmosi plant can produce approximately 8,000 litres of drinking water a day for around 250 families. Photo: Sadiqur Rahman

A drop in the ocean of persistent water crisis

17h | Panorama

More Videos from TBS

30% companies see double-digit growth even in hard times

30% companies see double-digit growth even in hard times

8h | TBS Insight
Challenging time waiting for RMG

Challenging time waiting for RMG

15h | TBS Round Table
"Full Moon Meditation" organized by Department of Theater and Performance Studies, University of Dhaka

"Full Moon Meditation" organized by Department of Theater and Performance Studies, University of Dhaka

15h | TBS Graduates
10 cricketers who have played over 400 T20 matches

10 cricketers who have played over 400 T20 matches

15h | TBS SPORTS

Most Read

1
Photo: Courtesy
Panorama

From 'Made in Bangladesh' to 'Designed in Bangladesh'

2
Leepu realised his love for cars from a young age and for the last 40 years, he has transformed, designed and customised hundreds of cars. Photo: Collected
Panorama

'I am not crazy about cars anymore': Nizamuddin Awlia Leepu

3
Master plan for futuristic Chattogram city in the making
Districts

Master plan for futuristic Chattogram city in the making

4
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
Economy

IMF approves $4.7 billion loan for Bangladesh, calls for ambitious reforms

5
Belal Ahmed new acting chairman of SIBL
Banking

Belal Ahmed new acting chairman of SIBL

6
Photo: Collected
Crime

Prime Distribution MD Mamun arrested in fraud case

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]