Press Progress describes the massive ownership of wealth occurring at the top of the pyramid in Canada. The upper ten percent owns way more than the lower sixty percent.
NBottom 60% of all Canadians only own one-tenth of all wealth
image: Retis via Flickr/CC
Canadians still count themselves lucky to have escaped much of the type of economic madness that came to afflict the United States after the 2008 crash. Still, there seems to be some discomfort with the state of things here if the Legatum Institute’s Prosperity Index is to be believed. This globally-focussed think tank praises Canada frequently, placing us at number eight this year with Yemen dead last and Norway number one, after assessing a range of socio economic factors. This index is picked up quite widely in the business media most years and it appears to contain much general truth.
Part of California’s state capital has begun to distinguish itself via its suburban poverty numbers.
News that half of Canadians in their prime working years don’t have a full time permanent job is a bit of a puzzle. Consider this against the central place in this culture occupied by the folklore of occupations and work, status and wages, the entire socioeconomic package of Canadian life.
Census 2016: Canadians in prime working years less likely to hold full-time jobs
image: aldisley via Flickr/CC