Canada’s wage gap at record high

Occupy Toronto protesters demonstrate in the city's downtown on Nov. 22, 2011.

The Globe and Mail:

The gap between Canada’s rich and poor is growing amid shifts in the job market and tax cuts for the wealthy, according to a study that shows income inequality at a record high among industrialized nations.

A sweeping OECD analysis to be released Monday shows the income gap in Canada is well above the 34-country average, though still not as extreme as in the United States.

Income inequality is a hot topic these days, as mirrored by the Occupy movement’s concerns over the growing gap between the rich and the rest. Protesters aren’t the only ones preoccupied with the disparity; prominent figures from Warren Buffett to Nobel Prize-winning economist Joseph Stiglitz have also fretted over the growing gap, exacerbated by the recession and weak recovery.

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