CULTIVATING LIBERALISM
FOR ALL CLIMATES
SINCE 1759
 
Google
 

Free alert to Candide's Notebooks
Your email:

JOIN ME AT MY BULLSHIT SITES

As Goes Canada...
Wages of Inequality

Inequality is the slow cancer eating away at the old North American model of prosperity, even in these so-called boom times. Canada may not even rate as an afterthought to most Americans. They ignore what goes on north of the border at their own risk. From the Toronto Star: “The vast majority of Canadian families – almost 80 per cent – are working more and earning less of the national economic pie than they did 30 years ago even as incomes of the richest families are soaring, says a new study to be released today. What's more, the growing income gap has hit a record high during an economic boom, a period when traditionally the gap between rich and poor has shrunk. "The rich are getting richer, the poor aren't going anywhere and there are fewer people in the middle to mediate the two extremes. We ignore these trends at our collective peril," says the study by the Canadian Centre for Policy Alternatives, an independent research institute concerned with issues of social and economic justice. The report, titled "The Rich and the Rest of Us," shows that the richest 10 per cent of families with children – those with incomes more than $131,200 in 2004 – earned 82 times the amount earned by the poorest 10 per cent. In 1976, the richest families earned 31 times the amount of the poorest families. The bottom half of families raising children, those earning less than $60,000 in 2004, earned less or stayed the same, in inflation-adjusted terms, compared to a generation ago. Those in-between worked more hours just to keep pace.” See the full story...

|
Bookmark and Share

THE DAILY JOURNAL
Read Pierre’s Latest at


 
The Latest Comments
 
GOOGLE GOOGLE NEW YORK TIMES NEWSPAPERS NETFLIX UK INDEPENDENT NETFLIX
 
  
RECENTLY IN THE DAILY JOURNAL: NOTEBOOKS ORIGINALS
RECENTLY IN THE DAILY JOURNAL: CRUMBS & CRIBS

   
 
Add to Google Reader or Homepage Subscribe in NewsGator Online Subscribe in Rojo   Add to My AOL Subscribe in FeedLounge Add to netvibes Subscribe in Bloglines Add to The Free Dictionary