Most Canadian households are better off than U.S. counterparts

U.S. households not only live with higher income inequality than in Canada but more than half are worse off in terms of purchasing power

Most Canadian households are better off than U.S. counterpartsRegardless of whether America is great, or about to be great again, a new analysis shows that Canadians outrank Americans on household income. The Economist magazine recently devoted a long section to a profile of Canada with frequent comparisons to the United States. Among the statistics highlighted were that Canadians’ life expectancy was three years…

Call for equal pay for women for equal play falls flat

Let's face it: women's sports are second-tier entertainment, which even most women don't support

Call for equal pay for women for equal play falls flatThe men’s final at Wimbledon on Sunday took five immortal sets of tennis over four hours 57 minutes before Novak Djokovic finally outlasted Roger Federer in a stirring contest that ended in a fifth-set tiebreaker at 13-12. Saturday’s women’s final lasted just 56 minutes in two quick sets for Simona Halep to upset Serena Williams.…

Overstated poverty claims paint false picture

Using multiple sources of data can bring circumstances into sharper focus. That will allow us to concentrate on helping only those people who are truly in need

Overstated poverty claims paint false pictureClaims of rising inequality are rampant in the media, mainly because many pundits confuse inequality with poverty and assume that the poor are enjoying lower living standards than before. But there’s no reason to expect poverty to move in the same direction as inequality – incomes rising at an uneven pace will reduce problems of…

Financial illiteracy on the campaign trail won’t serve Sanders

The U.S. senator is using baseball to decry the inequalities that crop up in capitalism. That’s just nonsense

Financial illiteracy on the campaign trail won’t serve SandersSomewhere in heaven, baseball pioneer Curt Flood is smacking his forehead with his palm. The reason for Flood’s exasperation? Comments from avowed socialist and Democratic Party presidential candidate Bernie Sanders. On the stump, the Vermont senator is using baseball to decry the inequalities that crop up in capitalism. “If we are a nation that can…

Budget deficits can increase social inequality

The burden of the debt financing falls on the whole population, and low-income Canadians can least afford to contribute

Budget deficits can increase social inequalityThere’s been much talk about the federal government’s attempts to enact redistributive policies to reduce income inequality in Canada. But the way these measures are funded could increase inequality. One think-tank in Quebec surveyed a panel of 70 policy experts who noted that the latest federal budget would, on the whole, reduce inequality. I contributed…

We’re winning the war on poverty

The proportion of households below the LICO has been falling for two decades and is now at its lowest level ever at 7.8%

We’re winning the war on povertyDonald Trump isn't the only American president to say dumb things. Lyndon Johnson, expressing his concern for the well-being of the American people, said that he thought it was a shame that half the U.S. population lived at a below-average income. As anyone who ever stayed awake in math class knows, an average is a…

Women control about $2.2 trillion in Canadian assets: CIBC

By 2028, women will control just under $3.8 trillion or more than one-third of total financial assets

Women control about $2.2 trillion in Canadian assets: CIBCWomen in Canada currently control about $2.2 trillion of Canadian assets, a rising amount of wealth and increasing influence on the overall economy, says a new report released on Monday by CIBC Capital Markets. “More needs to be done in order to fully utilize women's economic might, but the direction is clear,” said the report,…

Gender pay gap has little to do with discrimination

Discrepancies are more often the result of different choices men and women make, on and off the job

Gender pay gap has little to do with discriminationFor decades, politicians, pundits and activists have clamoured about a gender pay gap and have cited statistics purporting to show that the economy is unfair to women. Women, after all, get paid only around 70 to 80 cents for every dollar earned by men. However, for just as long, studies have shown that this discrepancy…

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…