Staffroom Confidential blog
January 31, 2012
The last time there was such severe income inequality in Canada and the US was the 1920's. Political pundits of all stripes lament this fact, and point to the heady days of the post-war era as the high point in social and economic equality. But they fail to address a key question: How did that come about and how did we get there?
The most recent report from the OECD (Organization of Economic and Cooperative Development) says this about Canadian inequality:
Two factors explain Canada’s growing gap: a widening disparity in labour earnings between high- and low-paid workers, and less redistribution. 'Taxes and benefits reduce inequality less in Canada than in most OECD countries
What is the way forward to address these two issues?
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