Canada's income gap widens, report says

alp227

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Wed Jul-13-11 02:57 PM
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Canada's income gap widens, report says

Source: CBC News

The income gap between rich and poor in Canada widened in the period from 1993 to 2009, the Conference Board of Canada reported Wednesday.

The richest Canadians increased their share of total national income while the poor and those with middle incomes saw their portions shrink, according to the board's analysis, entitled "How Canada Performs."

Incomes of the poor increased marginally in the period, it said, but the gap between rich and poor widened.

The average income of the poorest Canadians rose from $12,400 in 1976 to $14,500 in 2009.

Read more: http://www.cbc.ca/news/canada/story/2011/07/13/income-gap-canada-conference-board.html

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fascisthunter

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Wed Jul-13-11 03:14 PM
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1. Gee... I wonder why?

It's just a coincidence of course...

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Agony

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Wed Jul-13-11 03:45 PM
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2. Obviously the disease passes from country to country, probably airborne

plutonomics rules!

:argh: :nuke:

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glinda

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Wed Jul-13-11 07:02 PM
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5. Yup that and all the American Bizzo interests and new conservatives up there.

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FarLeftFist

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Wed Jul-13-11 03:58 PM
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3. Guaranteed Canadian recession coming soon...

Whenever the income gap widens; recessions occur.

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pampango

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Wed Jul-13-11 04:10 PM
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4. Canada's Gini-32, the EU's Gini-31, the US' Gini-45.

Canada's 2009 Gini index of 0.32 meant that 32 per cent of the country's national income would need to be redistributed in order to have complete equality of income.

The income gap narrowed in the 1980s, with the Gini index reaching a low of 0.28 in 1989, but remained around 0.32 in the 2000s.

The study found inequality is rising worldwide, but that two countries most similar with Canada in terms of per capita income had narrower gaps. Austria's was 0.265 and Denmark's was 0.232.

Canada's Gini of 32 is still much better than the US' 45 which is the worst of any developed country. The 32 is almost the same as the 31 of the EU.

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