Canada has most of the richest people in the world. These people are very powerful due to high net worth. Mainly, their wealth comes from the investment they have made. They are the most powerful people in their cities. For example, David Thomson, who is the richest person in Canada, resides in Toronto and owns a company known as Thomson Reuters Woodbridge Ltd (Canadian Business, 2013).He is the most power in Ontario province due to his enormous wealth. His wealth in 2014 was $ 30.74 billion which was a 10 percent increase from the previous year (Canadian Business, 2013). The following table shows the most fifty richest people in Canada. And I found the full list of the top 100 richest people in Canada at http://www.canadianbusiness.com/list-and-rankings/rich-100-the-full-2014-ranking/.According
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The super-rich people are becoming wealthier while the lower income people remain poor. Individuals working in the financial, communications, and other businesses with a high position will make four times more money than workers in the manufacturing sector. Workers in the manufacturing sector earn less money per hour because they are known to have less than 20 years’ experience as well as acquired skills from learning or training institutions. They earn an average of $14.39 (PayScale: Human Capital, 2015). In my opinion, the income inequality in Canadian society greatly owes to the inequality of class distinction and power relationship. This is attributed to the luck of fetching reputable resources that would have been of benefit to the poor lot. In other words, these are the people who benefitted most when recession turned to their advantage. The wealthiest people in Canada are almost the ones who have higher social status. They are often seen as the “elite” in the society (Statistics Canada, 2011). As mentioned before, the middle-aged white males tend to make more money. These people are in power. They have more power in different social sectors such as government, media, finance, education, etc. They can enjoy more capitals than others. Moreover, many policies and supports, even the governmental decisions indeed serve their interests. For most of the working class and people from the lower social class, they have limited access to social capitals such as money, human resources, government support, better education, etc. However, at this point, we cannot draw a clear line as to what extend these people in the given job groups are generally poor but we can draw a line from an income investment approach. As earlier discussed, the working class, especially the old employees seeking the bosses’
The super-rich people are becoming wealthier while the lower income people remain poor. Individuals working in the financial, communications, and other businesses with a high position will make four times more money than workers in the manufacturing sector. Workers in the manufacturing sector earn less money per hour because they are known to have less than 20 years’ experience as well as acquired skills from learning or training institutions. They earn an average of $14.39 (PayScale: Human Capital, 2015). In my opinion, the income inequality in Canadian society greatly owes to the inequality of class distinction and power relationship. This is attributed to the luck of fetching reputable resources that would have been of benefit to the poor lot. In other words, these are the people who benefitted most when recession turned to their advantage. The wealthiest people in Canada are almost the ones who have higher social status. They are often seen as the “elite” in the society (Statistics Canada, 2011). As mentioned before, the middle-aged white males tend to make more money. These people are in power. They have more power in different social sectors such as government, media, finance, education, etc. They can enjoy more capitals than others. Moreover, many policies and supports, even the governmental decisions indeed serve their interests. For most of the working class and people from the lower social class, they have limited access to social capitals such as money, human resources, government support, better education, etc. However, at this point, we cannot draw a clear line as to what extend these people in the given job groups are generally poor but we can draw a line from an income investment approach. As earlier discussed, the working class, especially the old employees seeking the bosses’