The World Economic Forum, that big playa convention at Davos, saw some discussion of basic income. That’s kinda incredible. The elites must be getting nervous about inequality, populism and automation. They ought to be. Livestream content from the WEF featuring UK academic and basic income champion Guy Standing is available HERE (52:02).
Today is the day when Canada’s chief corporate executives blow past the rest of us in earnings for the year. They must be a very talented, special gang making between 3 and 183 million dollars a year. Wow.
Top CEOs earn more by today than average Canadian does all year: report
ctvnews.ca (video 3:38)
Throwing money at the problem: ten years of executive compensation
Canada’s top 100 paid CEOs: Canada’s top paid CEOs now take home 193 times what an average Canadian worker does. That’s not the only wage gap visible in this ranking
In the age of the 1% and their Panama Papers ‘file your taxes‘ needs to be shouted out in anger. A more gentle use of the phrase would also help out Canadians less well off.
Canada’s poor urged to earn more by filing their taxes.
‘That could probably help me make ends meet,’ says woman who hasn’t filed for 3 years
image: duncan c via Flickr/CC
Oh dear, we admit we’ve dodged directly addressing gentrification at suburban-poverty.com for a couple of reasons. Firstly, it’s more often attached to the core of a given city than its suburbs. Also, the g-word seems to shut conversation down because of its controversial dimension. These two items might help us unpack things, at least a bit.
Gentrification and the suburbs. Tear-downs and McMansions in inner ring suburban neighbourhoods
Simon Fraser University Urban Studies talk
Beware the vibrant, emerging, misleading language of gentrification
(see other items under left hand link gentrification)
image: What What via Flickr/CC
The Toronto Star surveys the general picture for Ontario’s workers as Decent Work Day (Oct 7th) and the conclusion of public consultations within the province’s Changing Workplaces Review coincide with what has been a blue sky Thanksgiving weekend.
Advocates demand better protection for Ontario workers. Is Ontario turning into a low-wage economy? Research shows over half of Toronto jobs are considered precarious
image: Hope Abrams via Flickr/CC
If this blog had a board of directors we would appoint Last Week Tonight’s John Oliver to upon it sit. He looked right into the dark heart of suburban poverty and social difficulty in a recent episode of his popular show to razor sharp effect. How so? He took the American sub prime auto loan industry out for a run, that’s how.
Oliver starts with the difficulty faced by many of his adopted country’s working poor: that trap between horrendously long commutes through the sprawl via public transit or buying some nasty set of wheels from a self-financing used car dealer. There’s some impressive research and real world tales of woe brought out and then capped off with a hilarious skit spoofing the whole sad machinery of extortionate high interest loans, overpriced shitboxes and repossessions. It has gotten so out of hand of late that some observers are seeing a repeat of the mortgage crisis of 2008 taking shape in US auto financing. We’ll see soon enough.
image: staci myers via Flickr/CC
A quirky parking lot hamlet of air travel industry workers has formed at Los Angeles International Airport and makes for emotional content in this short New York Times documentary.
Long-term parking (7:45)
When payday lending leads to poverty, it’s time for intervention
globeandmail.com (with video 1:58)
See also: (966) We are the loan sharks
image: Jason Comely via Flickr/CC
The architects of America’s interstate highway system knew it would alter life there in many ways but we wonder if they looked ahead sixty years and saw it as the stage for so much civil unrest.
Why highways have become the center of civil rights protest (with video)
image: George Kelly via Flickr/CC