By any measure, Canada is a wealthy country, but not all of our citizens share this prosperity. In the past decades, and more sharply since the financial crisis of 2008, the fortunes of the best and worst off have diverged; wealth and security are taken for granted by the top percentiles of Canadians, while the bottom half are left with diminished earning power and very little assets to speak of.
Worse still, experts say that the COVID-19 pandemic has accelerated these alarming trends, and that as a polity, we are close to our breaking point. So what is to be done? Today we will learn about wealth and income inequality in Canada with our guests, David Macdonald (Senior Economist at the Canadian Centre for Policy Alternatives) and Dr. Evelyn Forget (Economist, University of Manitoba). We also explore Universal Basic Income as a policy solution to rebalance the scales.