As food costs and fuel bills soar, inflation is plundering people's wallets, sparking a wave of protests and workers' strikes around the world.
This week alone saw protests by the political opposition in Pakistan, nurses in Zimbabwe, unionized workers in Belgium, railway workers in Britain, Indigenous people in Ecuador, hundreds of U.S. pilots and some European airline workers. Sri Lanka's prime minister declared an economic collapse Wednesday after weeks of political turmoil.
Oxfam is calling on the Group of 7 leading industrialized nations, which are holding their annual summit this weekend in Germany, to provide debt relief to developing economies and to tax corporations on excess profits. Eddie Dempsey, a senior official with Britain's Rail, Maritime and Transport Union, which brought U.K. train services to a near standstill with strikes this week, said there are going to be more demands for pay increases across other sectors.
Protests over the cost of living ousted Sri Lanka's prime minister last month. Middle-class families say they're forced to skip meals because of the island nation's economic crisis, prompting them to contemplate leaving the country altogether. In some countries, a combination of government corruption and mismanagement underpin the economic turmoil, particularly in politically gridlocked countries like Lebanon and Iraq.
- One of Tunisia's most powerful labor unions staged a nationwide public sector strike last week. The North African country faces a deteriorating economic crisis.
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Inflation Sparks Global Wave of Protests for Higher Pay, AidAs food costs and fuel bills soar, inflation is plundering people’s wallets, sparking a wave of protests and workers’ strikes around the world.
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Inflation sparks global wave of protests for higher pay, aidAs food costs and fuel bills soar, inflation is plundering people’s wallets, sparking a wave of protests and workers’ strikes around the world.
Weiterlesen »
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