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On the occasion of International Women’s Day, we ask: Are more women making it to the top in Canada? And what does that mean for the 100 per cent? The 2013 edition, by the numbers. (All data are most recently available statistics.) 1 out of 5: 21 per cent of the people in the top [...]
A new CCPA (National) report by Marc Lee and myself argues that Canada’s tax system needs a “fairness” overhaul and presents a framework for progressive tax reform. Those of you who have been following our tax work so far will find this study a great complement to the BC Tax Options Paper. Tax policy is [...]
Posted by Iglika Ivanova under corporate income tax, financial transactions tax, guaranteed annual income, income support, income tax, inequality, progressive economic strategies, taxation, TFSA.
February 14th, 2013
Further to Toby’s comments, Miles Corak has posted an excellent commentary on the new numbers on high incomes, together with a spread sheet showing average effective tax rates by income group from the 1980s. The big story is that the average effective tax rate for the very affluent has been stable since the early 1980s [...]
Statistics Canada’s release on the escalating incomes of the top 1 per cent gained a lot of media coverage — and also provoked some very defensive reactions by major organs of the Canadian media. This included an almost rabid column by Financial Post editor Terence Corcoran accusing Statistics Canada of engaging in class warfare and, in [...]
I have a commentary posted on the Broadbent Institute web site, arguing that inequality of wealth fundamentally undermines the argument that market rewards are “fair.” http://www.broadbentinstitute.ca/en/blog/andrew-jackson-distribution-wealth-implications-neo-liberal-justification-economic-inequality
This article was published in an abridged form today in the National Post. http://fullcomment.nationalpost.com/2012/12/21/armine-yalnizyan-sorry-andrew-coyne-but-income-inequality-is-a-real-problem/ I like this opening better so I posted it here. You couldn’t have made it through 2012 without running into a story about income inequality. Chances are, it made you think about how you fit into the story. That’s “entirely constructive”, [...]
Letter to the Editor Ottawa Citizen, December 18 Andrew Coyne (December 14) leaps on a study by TD Economics to claim that “income inequality in Canada has remained more or less flat since the mid 1990s” and that the big surge in the rising income share of the top 1% took place before 1998. As [...]
Here is a piece I wrote for today’s Globe Economy Lab re the Department of Finance report on the costs of an aging society. The key point is that the mainstream doom and gloom projections of the costs of falling labour force growth ignore the positive impacts which can be expected as and when we [...]
This September, like every year, a new group of high school graduates headed to college or university to pursue higher education. But today’s generation of students is in for a very different experience from the ones their parents had. On campuses across the country shiny new buildings are popping up, bearing corporate logos or the [...]
Posted by Iglika Ivanova under education, income distribution, inequality, labour market, privatization, public infrastructure, public services, student debt, taxation, user fees, young workers.
October 9th, 2012
Armine Yalnizyan had a great twitter debate with Andrew Coyne on poverty and inequality that Trish Hennessey storified here: http://bit.ly/QwHGJB I think it bears repeating that GDP growth has far outpaced any growth in median and average incomes for Canadians, as you can see in the graph below. (2010 dollars, average and median income in $’s, [...]
Posted below is my column from today’s Globe & Mail regarding this nefarious practice of providing “priority lanes” for higher-income customers — even (in the case of airport security screening) for a PUBLIC service that we all pay the same for! And if you wonder why you get so pissed off when the high-flyer jumps [...]
A new report by the Canadian Medical Association provides a timely reminder that money buys better health, even in a country with a universal public healthcare system. A poll commissioned by the CMA found a large and increasing gap between the health status of Canadians in lower income groups (household income less than $30,000) and [...]
The just-released OECD Employment Outlook – full text not available on line – has an interesting chapter on the sharp decline of labour’s share of national income in virtually all OECD countries over the past 30 years, and especially the last twenty years. The median labour share in the OECD fell from 66.1% in the [...]
A thoughtful short essay by Wolfgang Streeck, concluding with a reflection on how extreme inequality gets in the way of a needed de-emphasis on crude economic growth.
The US Federal Reserve today released its triennial examination of incomes and net worth of American households in the Survey of Consumer Finances. It shows the crushing effects on net worth of a housing and financial bust unparalleled since the great depression. The shocking results of this study overviewed in the New York Times are [...]
On June 7, I gave a keynote address to the Alberta Union of Provincial Employees Education Sector Conference. My PowerPoint presentation (with full references) can be found at this link. Points I raised in the address include the following: -Canada’s economy has been growing quite steadily over the past three decades, even when one adjusts [...]
Posted by Nick Falvo under BC, competition, Conservative government, corporate income tax, debt, demographics, education, fiscal federalism, fiscal policy, household debt, income distribution, income tax, inequality, macroeconomics, Newfoundland and Labrador, P3s, part time work, post-secondary education, privatization, productivity, public infrastructure, Quebec, rankings, regulation, Role of government, social policy, student debt, student movement, taxation, user fees, working time, young workers.
June 7th, 2012
So many big changes are happening in Bill C-38 that some significant issues like the changes to the Federal Contractors Program (FCP) have escaped attention. Part 4 Division 42 of C-38 is very short. It merely says that subsection 42(2) of the Employment Equity Act is replaced by the following: “The Minister is responsible for [...]
Despite the remarkably poor media coverage of the early days of the protests (especially in English Canada), it seems that the Quebec student protestors have finally succeeded in sparking a broader public discussion about civil liberties and the right to protest (even in the Globe here, here and in the Celebrity Photo captions). Yet, media [...]
I, Jason Clemens from the Macdonald-Laurier Institute and David Macdonald from the CCPA discussed the social and economic implications of growing income inequality on an ipolitics panel yesterday. Jason was a bit outgunned so I won’t go after him here, except to say that he took the usual neo liberal tack of shifting the debate [...]
Last week I was in Whitehorse where I released a peer-reviewed policy report on poverty in Yukon. The report was part of the much larger Social Economy Research Network of Northern Canada project. Report findings include the following: -Ignoring poverty can be quite costly, as has been clearly demonstrated by research on the ‘costs of [...]
Posted by Nick Falvo under Canada's North, child benefits, Conservative government, fiscal federalism, health care, housing, income support, Indigenous people, inequality, minimum wage, poverty, Quebec, social policy, wealth, women, Yukon.
May 27th, 2012
In this age of austerity, we are constantly told by governments that we have to tighten our belts. Tuition fees have to go up; public pensions, Unemployment Insurance and social assistance benefits have to be cut; universal public health care is no longer affordable, and so on ad nauseam. But, as my friend Peter Puxley [...]
The following is another excerpt from Dr. Ryan Meili’s new book, A Healthy Society: How a Focus on Health Can Revive Canadian Democracy, which fellow blogger Greg Fingas has been discussing. The road to Tevele is red sand and sloppy in the rainy season. The pick- up truck bounces in and out of ruts as [...]
I’ve written before about attempts in Canada to create more separation between university teaching, on the one hand, and university research, on the other. In 2009, I wrote this opinion piece about an attempt by five university presidents to each acquire a larger share of university research dollars. And last year, I blogged here about [...]
The CCPA today released my report: “The Big Banks Big Secret” which provides the first public estimates of the emergency funds taken by Canadian banks. The report bases its estimates on publicly available data from CMHC, the Office of the Superintendent of Financial Institutions, US Federal Reserve, the Bank of Canada, as well as quarterly [...]
Posted by David Macdonald under asset backed commercial paper, auto industry, Bank of Canada, banks, capitalism, corporate profits, economic crisis, economic risk, financial crisis, financial markets, financial regulation, free markets, global crisis, income distribution, inequality, recession, Role of government, Uncategorized.
April 30th, 2012
I wanted to tip my hat to the hard working folks at the PBO for a particularly revealing Economic and Fiscal Outlook that was published today. While the PBO has more than once eaten my lunch on various issue they’ve done a superb job of looking at Canada’s economic and fiscal position.
Last Monday, BC teachers held a Day of Action in communities across the province to protest the BC government’s decision to legislate a contract and put an end to their collective bargaining process. I was invited to speak to teachers at the Surrey rally, where I had the opportunity to share some of my analysis [...]
Posted by Iglika Ivanova under BC, budgets, economic growth, education, employment, income distribution, inequality, poverty, public services, recession, social policy, taxation, unions, user fees, wages.
March 4th, 2012
Carleton University’s Ted Jackson teaches a graduate seminar course on post-secondary education in Carleton’s School of Public Policy and Administration. Earlier this month, I was invited to give a guest presentation to Professor Jackson’s class. I focused the presentation on affordability challenges faced by students wanting to pursue post-secondary education. My slide presentation can be [...]
Posted by Nick Falvo under education, fiscal federalism, income distribution, inequality, Newfoundland and Labrador, Ontario, post-secondary education, Quebec, social indicators, social policy, student debt, student movement, user fees, working time, young workers.
February 29th, 2012
(This guest blog was written by Mike Marin and Anouk Dey. It originally appeared in the Toronto Star on February 24. The authors are part of a team that produced the report Prospering Together (in English http://bit.ly/z4GQx5 and in French http://bit.ly/yabiK2) What do the Occupy Movement and Canadian software giant OpenText have in common? Most [...]
Posted by Armine Yalnizyan under competition, economic growth, education, inequality, Occupy Movement, productivity, progressive economic strategies, skill shortages, social policy, young workers.
February 26th, 2012
Here’s an excellent piece by Sam Boshra, about the recent proposal by Michael Smart and Jack Mintz to apply the GST to food, from Sam’s blog at Economic Justice: Low-income households can’t buy food today with a larger HST rebate they hope to get sometime in the future. A key objective of the social safety net, [...]
Last Thursday I was at an event on the issue of rising income inequality, sponsored by Canada 2020. It featured one of the authors of the recent OECD report on inequality, who highlighted the “skills biased technological change or SBT ” hypothesis so favoured by mainstream economists who desperately avoid discussion of inequality as a [...]