With the rate of job inequality growing in Canada, one Simon Fraser University economics professor says improving education, changing labour laws and increase public spending will minimize the inequality gap.
Krishna Pendakur gave a public lecture to a packed room in Burnaby this week. The lecture was called “What does inequality really mean in Canada? Ninety-nine per cent of us want to know.”
Other suggestions in the lecture include strengthening unionization and raising the minimum wage.
After talking about the distribution of wealth in Canada and how the nation compares to the rest of the world, historically to present day, Pendakur addressed what the Canadian systems and its citizens can do to reduce inequality.
One suggestion is taxation.
“Tax rates have been declining in Canada since the late 1990s.”
Taxation supports public spending, he said, and public spending goes to citizens in need of resources and social services.
“The federal government writes a lot of cheques,” he said.
Public spending is a move towards reducing inequality.
Pendakur said, “When you reduce taxing, you reduce public spending.”