Our largest Metro areas are increasingly showing signs of a split economic personality. Ongoing data from the Neighbourhood Change Research Partnership:
The precarity problem
To keep you out of harm’s way should recent weather warnings turn out not to be exaggerations – some features about having the kinds of communities we’d like to have.
Media get it wrong on Bank of Canada minimum wage study
The places that may never recover from the recession.
The Rust Belt isn’t the only region left behind by the economic recovery. The suburbs of the American west are struggling, too
In defence of degrowth
Poor neighbourhoods make the best investments
image: via Flickr/CC
You help to pay about three-and-a-half times more taxes than Canada’s corporations. This didn’t start up recently as some neo-liberal kick-in-the-head, either. The two figures pulled apart from each other in the early 1950s. This arrangement is carried thanks to stagnant wages, too.
Man, you guys are a generous people…
The high cost of low corporate taxes
image: Anthony Easton via Flickr/CC
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
Since it is tough at times for a mentally healthy and able bodied person to make socioeconomic progress we need to make an effort to understand those facing serious extra challenges.
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.
Strong Towns is such a wonderful blog, always interesting. Like this piece about the possibilities for artists and makers in places where:
”…the next Mecca of the creative class is most likely to emerge. This is the kind of rapidly declining suburban landscape that is in evidence all across North America. It isn’t leafy and tranquil like the better suburbs. The schools are crap. But it isn’t vibrant like the best urban locations either. This spot is too far from the city to easily access good jobs, but it’s just close enough to receive the undesirable overflows from the greater metroplex. Tax revenues are evaporating just as legacy public obligations really start to roll in. Property values are dropping like a stone. The authorities are already quietly withdrawing in an attempt to maintain the better parts of town. Perfect!”
On the other hand, this is also Kensington:
image: Marc-Anthony Macon via Flickr/CC