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Rising inequality may be a byproduct of big cities' economic success, says a new report.
Looking for a big paycheque? Atlantic Canada is not for you.
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The share of Canadians living in poverty also increased.
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Almost 40 per cent of adult Canadians (over 10 million people) experienced moderate to high levels of income volatility over the past year. Approximately 3.3 million of these Canadians actually saw their monthly income fluctuate by 25 per cent or more.
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Global examples demonstrate there is no single solution. We are left with two fundamental questions: Is it possible to measure success in promoting inclusive growth? And will that convince policymakers and citizens alike that inclusive growth is worth the investment?
The Brad Wall government had some difficult choices to make. It could have asked the rich to pay a little more. Instead, it told the poor to pay a lot more. Though this budget may help reduce the provincial deficit, it will be bad for poverty and for the long-term health of the Saskatchewan economy.
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We shouldn't fear new tech, but we should be prepared for its negative aspects, Carolyn Wilkins says.
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Canada is fortunate to not have an economic growth problem. But it does have a wealth distribution problem. Compared to other wealthy but more equal countries like Finland or oil-rich Norway, it spends a lot to manage the impacts of inequality while doing little to prevent it.
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They’re rising in some other sectors, but not like they used to.
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doctors pushing for job action continually draw a link between a new physician contract and improved patient care, a link that is tenuous at best and a sly marketing tool at worst. A physician contract is about physician income. If doctors take job action, it will be to increase the amount they are paid by tax payers.
More and more I hear Canadians making mean and disparaging comments about those who disagree or have different points of view. I also hear racist remarks, which is terribly distressing. It's not who we are as a nation. Some of the things said after the shooting at the Mosque in Quebec made me feel like I was at a Trump rally. And I'm not ashamed, or afraid, to say I don't like it.
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It is clear that people around the world are angry and disillusioned with the global economy. Growing inequality has left much of humanity struggling to make ends meet while the richest one per cent continues to profit. This rampant inequality is a sure sign our economic model is broken.
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The combination of four factors, globalization, outsourcing, automaton, and the increasing adaptation and use of artificial intelligence is taking a growing toll on the low-income and middle-class sections of the society in developed countries, which is prompting the debate for the introduction of universal basic income.
"... the playing field is a good deal stickier than it appears."