There’s a great essay on The Globe and Mail on the inequality of incomes in Canada, written by Peter J. Nicholson. According to Statscan, the median income in Canada in 2004 is the same as it was in 1982 — taking inflation into account. Even though the economy has been grown, only the very rich Canadians are seeing significant levels of increase for their incomes.
From the article:
What happened in the late 1970s to cause the top incomes to start increasing so strongly? And why, after three decades of healthy growth in the incomes of most North Americans from 1945 through 1975, have the earnings of the great majority in both the U.S. and Canada stopped growing in pace with the overall expansion of the economy?
