social and income inequality in canada

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