Wealth Inequality

1510 Words 7 Pages
Introduction: Wealth paradox in Canada
The haves and the have not is not something new in today’s day and age, it has always been in existence, but income inequality has created a huge gap between the wealthiest population and the rest of the population, as wealth is now distributed unevenly in the Canadian population. This essay focuses on the income inequality in the Canadian society and how it affects individuals in relation to health care, education and their wellbeing. Although the United States has greater income inequality, Canada also seems to be leaning towards that side. Since Canada experienced recession in the late 1970’s to 2005, there has been an increase in the income inequality, which has affected the lives of baby boomers,
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In Canada, the top income earners are upper class white men from age 37-64 with a bachelor degree or more. They are usually found in high-level management positions in the financial insurance and real estate industries (Breau, 2013, p. 29). Middle and low-income earners are hardly CEO of companies, majority of the middle and low class earners are working class individuals who depend on wages. Low income is associated with an individual’s health, education and wellbeing. Most working-class people especially blue collard workers are left to work more times and still not be able to pay their debts. The paper aims to analyze how a widening gulf of wages in today’s society, how such variable can impact individuals health, education and leisure …show more content…
According to The Globe and Mail, “Schools in lower-income neighborhoods have a higher proportion of students failing the provincial standardized tests, achieving at Level 1 or 2, the data reveal where level 3 is a pass” (2013). This finding suggest that children in low-income communities will find it hard getting into higher educational institutions and eventually stopping them from getting a good and stable income. The article goes further to explain how well educated high-income parents are able to put their children in good schools creating good developmental skills at a young age and eventually a high-income job in the later years. Dalton and Crosby, (2015) states that many “for low income students, college seems out of reach, and under enrollment of low income students has a depressing effect upon upward social mobility and exacerbates the problem of income inequality in educational access and achievement” (p. 2). When young children do not have enough education, they will lack the necessary jobs, which will provide good income and extended health benefits leading to a fall in the wellbeing of such individuals, leading to more unemployment in the society especially among low-income

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