Archive for the ‘Equality’ Category
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It might be time for a maximum wage
For 35 years, Ontario-based Lee Valley Tools has linked the highest wages in the company to the lowest as a ratio. The highest paid employee can never make more than 10 times the rate of the company’s lowest-paid employee… in contrast, the effective wage ratio in Canada’s biggest companies was, on average, 122-to- one last year. Only a decade ago the ratio was 84-to- one… Enforcing a ratio for earnings is just one example of a policy that would benefit the economy
Tags: economy, ideology, standard of living
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The Wealth Paradox
The real culprit has been our own governments, which have supported trade agreements to facilitate globalization and taxation policies that really do reward the rich and penalize the rest of us. We can bemoan the effects of globalization, or we can take action in Canada to address it. To deal with economic inequality, we should be thinking globally, but acting locally. / Now, the link between hard work and advancement is no longer clear…That is no way to build a healthy society.
Tags: economy, ideology, standard of living, tax
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Canada’s widening gap a looming crisis
For 146 years, we’ve built this country based on a simple premise — and a higher purpose: that helping our neighbour, looking out for one another and giving everyone a shot at success is the best way to build a society. It is again time to focus on sharing our prosperity more widely — to make sure we continue on an inclusive path, where everyone feels they have a stake in their community and their country. And where they will participate and know that their voices will be heard.
Tags: economy, ideology, immigration, Indigenous, participation, standard of living, tax
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Five myths about Canada’s middle class
Years of tepid wage growth is chipping away… A wilting middle class carries a myriad of long-run implications, from dented aspirations to shakier economic growth and diminishing social cohesion… Here are some myths, dispelled, about what’s happening to Canada’s middle-income earners: 1) The middle class is in decline… 2) Men are doing better than women… 3) If you’re middle class, you know it… 4) It’s easy to achieve a middle-class lifestyle… [and] 5) Falling wages are causing the middle-class squeeze
Tags: economy, featured, participation, standard of living
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Income inequality in Canada: What’s the problem?
… government doesn’t have to spend a cent to start to address inequality. I would implement wage-boosting measures like the minimum wage, collective bargaining, sectoral wage standards to address the effects of precarious work. Pushing employers to stop devaluing work will do more for inequality in the long run, than trying to offset the social consequences of low wages through public subsidies.
Tags: economy, ideology, poverty, rights, standard of living, tax
Posted in Equality Debates | 1 Comment »
How globalization has left the 1 per cent even further ahead
The threshold to reach the top 1 per cent in 2010 was $201,400, while the median income in the middle of the 1-per-cent pack was $283,400 and the average income of 1 per centers was $429,600… The vast majority of those in the 1 per cent – 88 per cent – work in five broad occupation groups: management (39 per cent), health care (14 per cent); business and finance (14 per cent); education, law, community and government service (11 per cent) and natural and applied sciences (10 per cent).
Tags: economy, globalization, ideology, standard of living, tax
Posted in Equality History | No Comments »
The Wealth Paradox: What growing income inequality is costing Canada’s future generations
Globalization, a digital revolution and public austerity programs are reshaping the economy. Good paying factory jobs continue to vanish, and middle-class incomes are getting squeezed. Many of the great equalizers – pensions, public health care and education – are threatened by the fiscal challenges facing governments at all levels. That leaves a greater share of income, wealth and power in the hands of contemporary Jay Gatsbys… Canada is at a crossroads.
Tags: economy, featured, globalization, ideology, participation, poverty, privatization, standard of living
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To fight income inequality, we need a new politics
Much of the top half of the income distribution has been doing better since the 1990s, pulling away from the middle… The big story of the past three decades has been the long-term stagnation of Canadian incomes in both the middle and the bottom, despite economic growth… Canadians in the middle, especially those in the lower middle of the wage distribution, have been struggling in the wake of economic change and have not received their share of economic growth for a generation.
Tags: economy, featured, ideology, poverty, standard of living, tax
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Linda McQuaig and Chrystia Freeland stage Marxist battle in downtown Canada
In Ms. Freeland’s muddled view, the threat of a Marxist/communist revolution promoted a “willingness to share” among the elites. “It was better to give the working class an effective political voice, and a social safety net, than to risk having their Bolshevik vanguard seize power altogether.” Whether this means adopting McQuaigian tax rates or some other policies Ms. Freeland never says.
Tags: economy, ideology, poverty, standard of living
Posted in Equality Debates | No Comments »
How to stay ahead of the Gatsby curve
Children from advantaged families are more likely to be relatively advantaged as adults, and their poorer counterparts also more likely to stay poor… In Canada, parents can expect to pass on between a fifth and a quarter of their advantage. Canada’s relative equality is due, in part, to the ability of low-income children to receive reasonably high-quality education and health care. However, there are reasons to be concerned that Canadian intergenerational mobility has been falling.
Tags: child care, featured, ideology, participation, poverty, standard of living, tax
Posted in Equality Policy Context | No Comments »
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