Income Trends and Canadian Consumer Debt

Over the past 15 years Canadian consumer debt has risen dramatically.  Since 2000, the percentage of Canadian debt in relationship to disposable income has risen from 110% of income to about 165%. The change in debt to income ratio represents a 12 year increase of 50%. The old adage about “people should live within their … Continue reading Income Trends and Canadian Consumer Debt

I am angry about poverty

As long as poverty, injustice and gross inequality persist in our world, none of us can truly rest. - Nelson Mandela                         I have been doing research for a keynote I am doing next month on the socio-economics of poverty.  I am speaking in … Continue reading I am angry about poverty

What’s wrong? People are suffering.

I never understood “don’t shoot the messenger” as the stereotypical retort the messenger must use to defend her delivery of a message. Maybe we need a new cultural utterance like “You know how the messenger shoots those who don’t listen.” Sometimes the message is actually a question, albeit unsettling in that the inquiry is unanticipated … Continue reading What’s wrong? People are suffering.

Why we can’t shop our way to a better economy

This is about the United States, but it rings true in Canada and around the world. More and more our economy is becoming controlled by a small group of big businesses. How does that bode for the future of our societies? Quoted from YouTube: "Published on Nov 23, 2012 "Stacy Mitchell is a researcher and … Continue reading Why we can’t shop our way to a better economy

What are “Market Forces” Anyway?

I was reading an article about the NDP Government's dialogue with the oil industry. I apologise for not recording the URL, but one of the major topics was the environment of course. One CEO was quoted as saying something like the government should let big business deal with environmental goals based on market forces. While … Continue reading What are “Market Forces” Anyway?

Higher Minimum Wage: More Gain than Pain?

The debate about having a living wage has many voices. A colleague recently shared a public letter that a chef wrote to the Premier, expressing how a minimum wage of $15.00 per hour would jeopardize his plans to open a restaurant. He makes many excellent points and does so in clear and respectful language. My … Continue reading Higher Minimum Wage: More Gain than Pain?

Guaranteed Minimum Annual Income in Alberta?

The Mayors of Edmonton and Calgary are talking about it (read). Many agree with them and I am one; it's worth a good look. In fact, I suggest that a guaranteed annual income be considered as a foundational strategy to lift hundreds of thousands of people out of poverty. Whether or not it will work … Continue reading Guaranteed Minimum Annual Income in Alberta?