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Social and Income Inequality in CanadaProblems with Power and Inequality
By Hannah Williams
TED Talk Richard Wilkinson: How economic inequality harms societies
https://www.youtube.com/watch?v=cZ7LzE3u7Bw
Social and Income Inequality
In Canada we are still seeing signs and actions of social and income inequality throughout the country.
Income inequality Definition
Income inequality is the extent to which income is distributed unevenly in a country. It is an important indicator of equity in an economy, and has implications for other social outcomes such as crime and life satisfaction.
Social inequality Definition
Social inequality is the presence of unequal chances and rewards for different social situations or statuses within a group or society.
Social and Income Inequality
Some quick stats include:• Canada gets a “C” grade and ranks 12th out of 17 peer
countries.• Income inequality in Canada has increased over the past 20
years.• Since 1990, the richest group of Canadians has increased its
share of total national income, while the poorest and middle-income groups has lost share.
Social and Income Inequality
“Income inequality is, indeed, a serious issue for Canada. While the actual gap between the rich and the rest is far greater in the U.S., inequality is growing faster in Canada than in most peer countries. The biggest jump in Canada's inequality occurred from 1994 to the early 2000's. Too much inequality is bad for society and the economy”
Social and Income Inequality
Video:
https://www.youtube.com/watch?v=ZDWOm9eGVpU
Social and Income Inequality
“Fourteen per cent of all income in Canada is now received by the top one per cent, up sharply from eight per cent in the 1980s. For every $1 increase in national earnings over the past 20 years, more than 30 cents have gone to the top one per cent, while 70 cents have had to be shared among the bottom 99 per cent”
Social and Income Inequality
Social and Income Inequality
• Video
https://www.youtube.com/watch?v=zBkBiv5ZD7s
Social and Income Inequality
Video:
https://www.youtube.com/watch?v=3-dVgbDlWV0
Social and Income Inequality
Why should we care about income inequality? Income inequality raises the moral question about social justice and fairness, but it also hurts the Canadian economy as a whole
