Closing the gap on global inequality by every measure

From income to health to education, the metrics show improving conditions around the world

Closing the gap on global inequality by every measureAccording to recent news reports, economic inequality is on the rise. Since inequality is the gloomy backdrop for many policy discussions, it’s unsurprising that many people in the world’s wealthiest countries worry about the issue. However, very few are aware that this increase in inequality (the magnitude and causes of which are hotly debated) is…

Washington Consensus lit the fuse blowing apart the modern world

We’ve allowed market forces to replace a host of political-economic goals and considerations, and we’re far worse for it

Washington Consensus lit the fuse blowing apart the modern worldPax Americana, the long-standing U.S.-inspired post-war world order, is unravelling like a cheap carpet. Apart from catastrophes like Venezuela, Britain's chaotic retreat from the European Union, or the threat from President Donald Trump to pull the United States out of the North Atlantic Treaty Organization, there’s the shocking rise of anti-western authoritarian regimes in Iran,…

Legislation to ensure pay equity for work of equal value falls flat

Only a free market will balance out pay inequities. If a company fails to compensate fairly, employees will simply move on

Legislation to ensure pay equity for work of equal value falls flatFrom conception to implementation, pay equity is a sham. It’s obscured in double speak, packaged in seemingly laudable goals and promises great results. However, it can’t deliver them because it’s based on false premises. Any good that comes of it is far outweighed by the harm. That’s why Canadians should be wary of any legislation…

Helping women find their path to success

Stephania Varalli talks about her own journey and how Women of Influence works to help others find their path to success

Helping women find their path to successStephania Varalli is co-CEO and head at media of Women of Influence. What’s Women of Influence and what does it do? Varalli: Our organization aims to help achieve workplace gender equality by inspiring and empowering individuals. We know that the system is biased against women, and it will take time and multiple, parallel efforts to…

Calgary summit to focus on aligning wealth with social change

Nov. 16 event to bring together leading experts on a variety of issues around impact investing

Calgary summit to focus on aligning wealth with social changeThe time is ripe for aligning wealth with social change, according to the upcoming fourth annual Capital for Cause Impact Investing summit in Calgary on Nov. 16. Organizers of the event say the summit brings together leading experts on a variety of issues around impact investing. The purpose is to provide relevant and accurate information…

Key piece of international basic income analysis has been eliminated

An open letter to Premier Doug Ford and Minister Lisa MacLeod concerning the cancellation of the Ontario basic income pilot

Key piece of international basic income analysis has been eliminatedDear Premier Doug Ford and Children, Community and Social Services Minister Lisa MacLeod, We, collectively, represent the principal investigators, research teams and stakeholder groups behind several distinct basic income experiments underway in Finland, Scotland, the Netherlands, the United States, Spain, Kenya and India. We profoundly regret that you chose to cancel the Ontario Basic Income…

How to address social inequality without an inheritance tax

Ideas about taxing, restricting or abolishing your inheritance have been floated by western social thinkers for centuries

How to address social inequality without an inheritance taxShould Canadians be taxed on inheritance? The question is increasingly being asked, but the answer is not straight-forward. This discussion is inherently linked to maintaining inequality from one generation to another – and basically to a skewing of the playing field of life from the start. Such debates aren’t new. In fact, they centre on…

Why we shouldn’t worry about wealth inequality in Canada

Age and accumulated wealth account for much of the discrepancy. And that's just normal life-cycle economics

Why we shouldn’t worry about wealth inequality in CanadaMuch ado about nothing. The title of the Shakespearean comedy comes to mind when I think about the attention devoted to wealth inequality in recent years. The left's (and much of the major media's) preoccupation with economic inequality is fundamentally misplaced and has diverted attention away from the real problems we face. For example, take…

Why the workforce gender gap matters to business

Reducing barriers to adding women to the workforce in Canada could add $150 billion to $420 billion in GDP over 10 years

Why the workforce gender gap matters to businessBy Denise Mullen and Kristine St.-Laurent Business Council of British Columbia In British Columbia and Canada more broadly, the proportion of females aged 15 and over who participate in the labour force remains nine percentage points below that of males. And it has stayed this way since the early 1990s. Why does this matter? Sometimes,…

We need to measure basic-needs poverty, not inequality

The fundamental problem with relative measures of poverty is that they often give us results that border on absurd

We need to measure basic-needs poverty, not inequalityDoes Canada need a new measure of poverty? That’s what Michael Wolfson, member of the Centre for Health Law, Policy and Ethics at the University of Ottawa, recently argued. According to Wolfson, poverty (in the Canadian context) is hard to measure because it’s connected to issues such as disability, literacy, food insecurity and the like.…

Time for #MeToo to shift to the #IRegret movement

The focus on consent has made men all over the world stop and think. Am I one of those men?

Time for #MeToo to shift to the #IRegret movementStrangely, this weird moment in history is a good time to be alive. I've been a feminist most of my adult life, at least since I realized power imbalances were rampant in present and past societies. After dedicating most of the 1990s and 2000s to fighting the good fight in the trenches, I burned out and left…

Quest for equality must first address poverty, childcare

Too many people are one job loss, one illness, one retirement or one calamity away from disaster. We need income security

Quest for equality must first address poverty, childcareWhen I was an economics student years ago, the last living student of John Maynard Keynes, noted economist Joan Robinson, gave a lecture to a packed hall. During the question period, one smart aleck student asked, “Why should anyone study economics?” After a prolonged pause, her answer was simple, “So you know when economists are…

Pay equity laws alone won’t close the gap

Canadian families need affordable, accessible child care to effectively address gender equity issues

Pay equity laws alone won’t close the gapThere were a lot of old ghosts haunting the Liberal government when it tabled its budget on Feb. 27. But have these spectres brought change to women’s lives in the wake of the recent International Women’s Day? Not likely. The budget announced proactive pay equity for workers in federally regulated sectors (banking, communication, transportation, Crown…

Sharing the spoils in a world ruled by the few

In a future ruled by titans, plebs lose opportunities to innovate. Advancement depends on idea generation in the hands of the many rather than the few

Sharing the spoils in a world ruled by the fewLast week’s announcement that Amazon, Berkshire Hathaway and JPMorgan Chase are forming a new health-care company to cover their employees is an interesting case study in creating haves and have nots. It’s an intriguing concept because of how fractured the United States health-care system is. No doubt other companies will join suit and pool their…

Stephen Harper in the rearview mirror

Calling the Harper years a particularly dark time for Canada is partisan fiction, not reality

Stephen Harper in the rearview mirrorWilliam Watson’s Financial Post columns are invariably worth reading. As centre-right economists go, his general perspective isn’t unusual, but his penchant for digging into data can be illuminating. One of the things that a dispassionate person might take away from Watson is a more nuanced view of former Canadian Conservative prime minister Stephen Harper. Harper,…