Inequality Challenge

Reduce InequalityGlobal Challenge #10 – Reduced Inequality

“ A world where 1% of humanity controls as much wealth as the bottom 99% will never be stable”

– Barack Obama, UN General Assembly 201

Background

Too much of the world’s wealth is held by an extremely small percentage of the population, leading to social and financial inequality. In order for all nations to grow, become sufficient and prosper, it is necessary that there are equal opportunities for all. Estimates show that about 8 men own more than half the wealth of the entire world. The very design of our economy and economic principles have taken us to a point of extreme unsustainability and inequality. A world economy should work for the people, not the top percentile. Valuing the environment, implementing fair taxation laws, recognizing equal gender rights and working in the interest of labour workers or producers are central to a human economy.

Inequality Statistics

  • More than 70% of the worlds adults own under $10,000 in wealth
  • This 70% only owns 3% of global wealth
  • Under 1% of the global population owns over 45% of the worlds wealth
  • The richest 1% has owned more wealth than the rest of the planet since 2015
  • Eight men own the same amount of wealth as the poorest half of the world
  • Top 10 richest billionaires own over $505 billion in combined wealth, more than most nations total national product on a national basis
  • Income of the poorest 10% of people increased by less than $3 a year since 1988, while the income of the richest 1% increased by over 182 times as much
  • A FTSE (Financial Times Stock Exchange) top 100 CEO’s make more each than 10,000 labourers in Bangladesh combined
  • Wealth by the super rich has increased by 11% every year since 2009
  • Returns like this to billionaires indicated we could see the world’s first trillionaire within 25 years
  • 10% of the global population is living in extreme poverty and lack access to basic education, clean water, modern sanitation and electricity.

The Inequality Challenge

Essentially, the basic functions of our economy make its it very difficult for the rich to not get richer, and in turn harder for the poor to get out of poverty. As President Obama said “A world where 1% of humanity controls as much wealth as the bottom 99% will never be stable.” It’s imperative that we challenge this issue and find new solutions to close the wealth gap and create a more equal and inclusive world. Get started with PIE and Prepr today on your innovative project to come up with a meaningful solution.

 

TAKE THE CHALLENGE

co-Learn the PIE method and build a team, choose a challenge that you’re passionate about and apply PIE to co-Solve and co-Create projects with impact. Build your portfolio and tap into your infinite learning potential.

REQUIREMENTS
WHAT YOU WILL GET

– Receive a Prepr Certificate in Problem Solving with PIE

– Compete to win first, second and third place trophy and bragging rights

– Build your professional portfolio

– Win prizes, giveaways and more…

DEADLINE

May 1, 2019

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1 OUT OF 24

POVERTY CHALLENGE

Eradicating poverty is not a task of charity, it is an act of justice and the key to unlocking an enormous human potential.Learn More


2 OUT OF 24

HUNGERCHALLENGE

End hunger, achieve food security and improved nutrition and promote sustainable agriculture.Learn More


3 OUT OF 24

HEALTH CHALLENGE

Ensure healthy lives and promote well-being for all at all ages.Learn More


4 OUT OF 24

EDUCATION CHALLENGE

Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all.Learn More


5 OUT OF 24

GENDER CHALLENGE

Achieve gender equality and empower all women and girls.Learn More


6 OUT OF 24

WATER CHALLENGE

Ensure availability and sustainable management of water and sanitation for all.Learn More


7 OUT OF 24

ENERGY CHALLENGE

Ensure access to affordable, reliable, sustainable and modern energy for all.Learn More


8 OUT OF 24

WORK CHALLENGE

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.Learn More


9 OUT OF 24

INFRASTRUCTURE CHALLENGE

Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation.Learn More


10 OUT OF 24

DIVERSITY CHALLENGE

Reduce inequality within and among countries.Learn More


11 OUT OF 24

SUSTAINABLE CITIES CHALLENGE

Make cities and human settlements inclusive, safe, resilient and sustainable.Learn More


12 OUT OF 24

CONSUMPTION AND PRODUCTION CHALLENGE

Ensure sustainable production and consumption patterns.Learn More


13 OUT OF 24

CLIMATE CHALLENGE CHALLENGE

Take urgent impact to combat climate change and its impacts.Learn More


14 OUT OF 24

OCEAN CHALLENGE

Conserve and sustainably use the oceans, seas and marine resources for sustainable deveolpment.Learn More


15 OUT OF 24

LAND CHALLENGE

Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity lost.Learn More


16 OUT OF 24

PEACE CHALLENGE

Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels. Learn More


17 OUT OF 24

PARTNERSHIP CHALLENGE

Strengthen the means of implementation and revitalize the global partnership for sustainable development. Learn More


18 OUT OF 24

ARTIFICIAL INTELLIGENCE CHALLENGE

The increase in all forms of artificial intelligence is having a significant impact on society and is continuously changing the way we live, work and interact. Learn More


19 OUT OF 24

BLOCKCHAIN CHALLENGE

Blockchain technology is changing the landscape of traditional financial services. Whether its through logistics, cryptocurrency or encrypted communication, blockchain is here to stay. Learn More


20 OUT OF 24

SMARTCITY CHALLENGE

How should technology based solutions should be used within urban planning for the future prosperity of a city. Learn More


21 OUT OF 24

CYBER SECURITY CHALLENGE

With a majority of our personal and financial information living in accessible portals online, cybersecurity is more crucial than ever. By 2020 it is estimated that over 1.5 billion people will be affected by some sort of data breach. Learn More


22 OUT OF 24

ADTECH-MARTECH CHALLENGE

Advertising and Marketing technology are changing the way that businesses and organization handle their marketing and public relations. Learn More


23 OUT OF 24

FINTECH CHALLENGE

Global investment in Financial Technologies have more than tripled in recent years, signifying that a digital revolution has arrived in the financial services sector. Learn More


24 OUT OF 24

AR-VR CHALLENGE

Market growth within Augmented and Virtual reality show that the market is expected to reach over $2.8 billion by 2023. Learn More