We live in a time of unbridled prosperity, a boom time filled with opportunity and lots of chances to get filthy stinking rich… Unless you happen to be one of those Canadians that aren’t already rich.
Marco sent in this story about a report released by the Canadian Center for Policy Alternatives. Apparently the rich are getting richer and the poor getting poorer, we now have the widest wage gap we’ve seen in 30 years. From the Globe and Mail version of the story:
The rewards of Canada’s booming economy are going disproportionately to a select few while the majority of Canadian families either falling behind or treading water, a new study suggests.
The report, released Thursday by the Canadian Centre for Policy Alternatives, says that the lion’s share of Canada’s economic growth is going to the richest 10 per cent of families, even as Canadian families put in more time at work.
â€œCanada’s gap is growing at a time when Canadian families are playing by all the rules â€“ working harder, contributing to a growing economy â€“ but most aren’t getting payback,â€ study author Armine Yalnizyan said in Thursday’s report.
So how’s that boom working out for you? Do you feel like you’re getting ahead or falling behind? Can this disparity be pushed further or does ‘something have to give’?
Heres the original report.