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

A very short treatise on the wealth gap

Pretend. There are 300 people in the world. 180 are workers. The rest are children, seniors, and stay at home parents. The economy generates $5 million per year in wealth. That averages $27,777 per worker. However… 90% of the wealth is owned by 20% of workers. In other words… 36 of the 180 own $4.5 … Continue reading A very short treatise on the wealth gap

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.

How to End Poverty

You might expect a post by this title would include narrative about income, jobs, housing, child care, transportation, education, health services and so on. It is true we need to address these areas (and more!) if we are to end poverty. But the challenges we face are less about the actions above and the barriers we … Continue reading How to End Poverty

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?

The Twist on the Minimum Wage Debate

There is a twist of sorts at the end, but reading your way might better than just scrolling down to the end. Just saying. There is an article in the Edmonton Journal called, Opinion: Don't Rush to Boost the Minimum Wage (read it). The topic is front and centre in the minds of many because of the NDP's … Continue reading The Twist on the Minimum Wage Debate