We often hear that in Canada, "the rich are becoming richer while the poor are getting poorer." Fortunately, studies focusing on economic mobility in Canada tell a totally different and more accurate story. By looking at these data, it becomes clear that it is the poorest 20 per cent who enjoy the highest upward economic mobility.
Given the debate over the past few years about income inequality and the fact that many people do not consider how the income of individuals change over time, a new study, "Measuring Income Mobility in Canada" recently published by the Fraser Institute, provides fresh evidence on how the incomes of Canadians change over the course of their lives. While we welcome thoughtful criticisms of our methods and analysis, a recent blog penned by Professor Michale Wolfson of the University of Ottawa does a disservice to the discussion when he suggests the results are misleading and the analysis was done unfairly without adequate justification.
While Rick Santorum was dropping out of the GOP political race for personal reasons, and Hilary Rosen was making personal attacks on Anne Romney for political reasons, AOL/HuffingtonPost office politics became big personal news (at least for those of us working here): Microsoft agreed to buy $1.06 billion worth of AOL patents. (Yes, Dr. Evil, that's one. billion. dollars -- or $999,440,106.20 CDN).I can't claim any insider information as to what this means to AOL/Huffpost in general, or AOL/Huffpost Canada in specific. At minimum, I'm hoping for a new stapler.