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I need some assistance with these assignment. economic inequality in canada Thank you in advance for the help!
I need some assistance with these assignment. economic inequality in canada Thank you in advance for the help! Trend in economic inequality Economic inequality is a common social issue that affects many Canadians, either directly or indirectly. It has for example led to social stratification by economic capacities. Osberg identify five economic classes in the Canadian society and offers a review of times series data for percentage income distribution among Canadians. The evaluation of five economic classes, “bottom 20 %,” “second 20 %,” “middle 20 %,” “fourth 20 %,” and the “top 20 %” identifies concentration of resources in the hands of a few individuals while a majority of the Canadian citizens are within average and poor economic classes (Osberg, 2008, p. 7). Data, obtained from Statistics Canada, reported that by the year 2005, 60 percent of Canadian population only controlled less than 30 percent of the country’s wealth while the larger portion, more than 70 percent was in the hands on the top economic class that forms only 40 percent of the country’ population.
