In the News

Canada / Top 1 per cent earn 7 times Canadian median finds the National Household Survey

Canadians in the top 1 per cent are paid more than $191,000 a year, according to the National Household Survey, which takes a closer look at how governments take from the rich and give to the poor.

The make-up of the 1- per-cent club is overwhelmingly male, most-likely over the age of 45 and tends to work in management jobs. Canada’s top earners are also more likely to make money through investments and self-employment income.

They also earn about seven times the national median income of $27,800.

The new data comes amid a growing debate over whether income-inequality is a national problem and if so, whether policy changes are needed.

The voluntary survey from Statistics Canada breaks down the extent to which income in Canada is distributed from higher-income Canadians through taxes to lower-income Canadians through government transfers.

The survey found that 70 per cent of the Canadian population receives some form of government transfer, with a median total income from transfers of $4,100.

Chosen excerpts by Job Market Monitor. Read the whole story at 

globe and mail

via National Household Survey finds top 1 per cent earn 7 times Canadian median – The Globe and Mail.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)

The Most Popular Job Search Tools

Even More Objectives Statements to customize

Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office

Follow Job Market Monitor on WordPress.com

Enter your email address to follow this blog and receive notifications of new posts by email.

Follow Job Market Monitor via Twitter

Categories

Archives

%d bloggers like this: