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Road Through Time by Mary Soderstrom

Road Through Time

by Mary Soderstrom

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Wednesday, 21 November 2012

"The rich stay rich and everyone else churns around in the bottom."

Interesting analysis of the Fraser Institute's recent study of income mobility just put out by the Canadian Centre for Policy Alternatives

The right wing think tank suggests that four out of five low income Canadians moved up the income ladder over the ten year period of 1990-2000. But, CCPA (often a welcome counterweight to the Fraser bunch) points out that most of the "mobility" was from "very poor" to "poor."

Not what you'd hope for when you're trying to make a country a place here income inequality is minimal.  The CCPA's Daniel Macdonald comments: "Although this isn’t the report’s conclusion, my conclusion from the same data is that the rich stay rich and everyone else churns around in the bottom."

Doesn't surprise me in the least...

1 comment:

janfromthebruce said...

I really liked the image Daniel painting - churns around at the bottom.