![]() ![]() This advertisement has not loaded yet, but your article continues below. After the mid-’90s, on the other hand, the gap grew because the rich did so much better than everyone else, seeing the lion’s share of income gains from economic growth. If such a buoyant market didn’t help close the gap, what will?Ī year ago, economist Stephen Gordon offered some insights on how to assess income inequality in Canada, noting it has grown constantly over the last 30 years, but in different ways.įrom the 1970s to the ’90s, inequality grew because more people lost ground at the bottom of the income distribution in the wake of two big recessions. Instead of harnessing our extraordinary track record of job creation and economic growth, Canada tumbled further down the inequality rankings than any other country, slumping from above-average equality to below-average. ![]() From the mid-1990s to the mid-2000s, 15 of 32 OECD countries reduced income inequality. In the decade before the global crisis, our economy was firing on all cylinders and employment rates reached record highs. Manage Print Subscription / Tax Receipt. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |