Income Gap in Canada

Question 1: In Canada, it is often said that "rich people become more prosperous, poor people are getting poorer." It is important to distinguish between income and wealth. How did the occupation movement contribute to this discussion? Inequality in Canada is a serious problem. Even if wealthy income increases, the income of the poor remains the same, and there is a gap between the highest income and the lowest income in Canada. This gap caused anger among some people and brought about a "vocational movement" and other people's indifference. However, in Canada it can be said that "the rich are more prosperous and the poor are becoming poorer." The best explanation of the major disparities in wealth in Canada is the change in the labor market.

Even if you see the gap between rich and poor, things will be better than before. The Gini coefficient of Canada, an important indicator of income disparity, began to rise in the 1990s, but stabilized in the 2000s. Inequality is higher than the 1980's, but it does not seem to get worse.

I listen to the income gap in the US (especially during the election year), but some analysts think that the disparity between the wealthy and the poor in this country is more concerned than the income disparity. Let's see the gap between the rich and the poor, and why it is an important tool to understand the American economic life. His parents pay for the university and earn $ 45,000 a year, so please bring a paid house with the value of 200,000 dollars, inherited from him, without student debt. Others earn $ 65,000 a year, but her house is borrowed, and the debt of the student is $ 80,000. From the perspective of income, women in our case are better than men. However, looking at both situations from the perspective of wealth, it is clear that the financial situation of women is more unstable than men and male capital is higher.

In the process of living in women, the income disparity between 80 cents and dollars falls to 36 cents in men's wealth of one dollar. Wealth is equal to net value and is usually more important than income as it is defined as the difference between assets and liabilities. Net assets are equal to financial assets such as cash, stocks, households and corporate stocks minus the mortgage and credit card debt. Wealth also exceeds income as wealth is economic security - it can withstand economic shocks such as loss of income from dismissal or dismissal of work or large debts due to medical emergencies. Wealth can be used as a source of income after retirement and can be taken over from generation to generation.