More than 60 per cent moved out of the bottom and fewer than 60 per cent stayed at the top.
measuring income mobility
Most Canadians who experience low income do so for only a short period of time over the course of their lives.
Thanks to Canada’s high level of economic mobility, people do not stay at a single income level their entire lives.
Some columnists regularly help influence the general public’s view on important social issues. Indeed, they are opinion-shapers. So it’s unfortunate when they get things wrong—particularly when the intended audience is young and impressionable.
Given the continuous stream of media stories highlighting growing income inequality, it’s understandable that Canadians are worried about the implications. Thankfully however, the story of rapidly rising income inequality in Canada is just that, a great fictional tale.
Responses from a number of prominent Canadians to the Fraser Institutes recent study, Measuring Income Mobility in Canada, reveal a great deal about the differing views on social policy and the state of the debate regarding inequality.
Its hard to blame Canadians for believing the great myth of income stagnation given the continuous stream of reports pointing to the low growth in average incomes over the past several decades.